Instrument Details

ISIN: INE261F08CE2

Face value

₹10,00,000

Coupon rate

6.65%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

903.1

Instrument Type

Bond

Returns

Medium

Date of Issue

26 May 2020

Maturity Date

25 May 2035

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR LTIF-G E1 6.65 LOA 25MY35 FVRS10LAC
National Bank For Agriculture And Rural Development, a Financial Institution company, has floated Bond, having ISIN value as INE261F08CE2, with a face value of ₹10,00,000 rs on 26May20 to raise 903.1 crores. The debt instrument is issued with a coupon rate of 6.65% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 6.65% UNSECURED, REDEEMABLE, TAXABLE, GOVERNMENT OF INDIA FULLY SERVICED NON-CONVERTIBLE, NON PRIORITY SECTOR BONDS. LETTER OF ALLOTMENT. SERIES NCD SERIES LTIF-G E1. DATE OF MATURITY 25/05/2035. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 03Jun20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 13Jan23. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
check
Date Verified
15 Nov 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
26-May-20 : Your investment
₹33,25,000
26-Nov-20 : Interest
₹33,25,000
26-May-21 : Interest
₹33,25,000
26-Nov-21 : Interest
₹33,25,000
26-May-22 : Interest
₹33,25,000
26-Nov-22 : Interest
₹33,25,000
26-May-23 : Interest
₹33,25,000
26-Nov-23 : Interest
₹33,25,000
26-May-24 : Interest
₹33,25,000
26-Nov-24 : Interest
₹33,25,000
26-May-25 : Interest
₹33,25,000
26-Nov-25 : Interest
₹33,25,000
26-May-26 : Interest
₹33,25,000
26-Nov-26 : Interest
₹33,25,000
26-May-27 : Interest
₹33,25,000
26-Nov-27 : Interest
₹33,25,000
26-May-28 : Interest
₹33,25,000
26-Nov-28 : Interest
₹33,25,000
26-May-29 : Interest
₹33,25,000
26-Nov-29 : Interest
₹33,25,000
26-May-30 : Interest
₹33,25,000
26-Nov-30 : Interest
₹33,25,000
26-May-31 : Interest
₹33,25,000
26-Nov-31 : Interest
₹33,25,000
26-May-32 : Interest
₹33,25,000
26-Nov-32 : Interest
₹33,25,000
26-May-33 : Interest
₹33,25,000
26-Nov-33 : Interest
₹33,25,000
26-May-34 : Interest
₹33,25,000
26-Nov-34 : Interest
₹30,84,861
25-May-35 : Interest
₹19,95,09,861
25-May-35 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,95,09,861)

Summary

Instrument Attributes

Value

Coupon Rate

6.65%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Financial Institution
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE261F08CE2 issued by National Bank For Agriculture And Rural Development

The instrument name of INE261F08CE2 ISIN is NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR LTIF-G E1 6.65 LOA 25MY35 FVRS10LAC.
The interest earned from INE261F08CE2 bond issued by National Bank For Agriculture And Rural Development is paid Semi Annually, ensuring regular and consistent income for investors.
This INE261F08CE2 bond issued by National Bank For Agriculture And Rural Development has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 6.65%, which determines the periodic interest payments made to bondholders.
The INE261F08CE2 Bond is issued by National Bank For Agriculture And Rural Development, a PSU company.