Instrument Details

ISIN: INE261F08DO9

Face value

₹10,00,000

Coupon rate

7.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

2030

Instrument Type

Bond

Returns

Medium

Date of Issue

03 Jun 2022

Maturity Date

30 Jan 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL 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 23A 7.40 BD 30JN26 FVRS10LAC
National Bank For Agriculture And Rural Development, a Financial Institution company, has floated Bond, having ISIN value as INE261F08DO9, with a face value of ₹10,00,000 rs on 03Jun22 to raise 2030 crores. The debt instrument is issued with a coupon rate of 7.40% and its interest is paid 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 7.40% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND. NCD SERIES 23A. LETTER OF ALLOTMENT. DATE OF MATURITY 30/01/2026.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 06Jun22. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 25May22. 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
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Date Verified
06 Jun 2022
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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
03-Jun-22 : Your investment
₹74,00,000
03-Jun-23 : Interest
₹74,00,000
03-Jun-24 : Interest
₹74,00,000
03-Jun-25 : Interest
₹49,06,301
30-Jan-26 : Interest
₹12,71,06,301
30-Jan-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,71,06,301)

Summary

Instrument Attributes

Value

Coupon Rate

7.40%

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 INE261F08DO9 issued by National Bank For Agriculture And Rural Development

The instrument name of INE261F08DO9 ISIN is NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23A 7.40 BD 30JN26 FVRS10LAC.
The interest earned from INE261F08DO9 bond issued by National Bank For Agriculture And Rural Development is paid Annually, ensuring regular and consistent income for investors.
This INE261F08DO9 bond issued by National Bank For Agriculture And Rural Development has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.4%, which determines the periodic interest payments made to bondholders.
The INE261F08DO9 Bond is issued by National Bank For Agriculture And Rural Development, a PSU company.