Instrument Details

ISIN: INE906B07IB6

Face value

₹10,000

Coupon rate

5%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

890.235

Instrument Type

Bond

Returns

Medium

Date of Issue

31 Mar 2021

Maturity Date

31 Mar 2026

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

NATIONAL HIGHWAYS AUTHORITY OF INDIA SR XXI 5 BD 31MR26 FVRS10000
National Highways Authority Of India, a Toll bridge operator company, has floated Bond, having ISIN value as INE906B07IB6, with a face value of ₹10,000 rs on 31Mar21 to raise 890.235 crores. The debt instrument is issued with a coupon rate of 5% and its interest is paid Annually. The returns are Taxable Under U/S 54EC. As per the filings, the long description of this Secured Bond is 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXI. DATE OF MATURITY 31/03/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 31Mar21. 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
30 May 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

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

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

Cashflow

₹10,00,000
31-Mar-21 : Your investment
₹50,000
31-Mar-22 : Interest
₹50,000
31-Mar-23 : Interest
₹50,000
31-Mar-24 : Interest
₹50,000
31-Mar-25 : Interest
₹50,000
31-Mar-26 : Interest
₹12,50,000
31-Mar-26 : Maturity amount (Investment: ₹10,00,000, Interest earned: ₹2,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

5%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Toll bridge operator
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE906B07IB6 issued by National Highways Authority Of India

The instrument name of INE906B07IB6 ISIN is NATIONAL HIGHWAYS AUTHORITY OF INDIA SR XXI 5 BD 31MR26 FVRS10000.
The interest earned from INE906B07IB6 bond issued by National Highways Authority Of India is paid Annually, ensuring regular and consistent income for investors.
This INE906B07IB6 bond issued by National Highways Authority Of India 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 5%, which determines the periodic interest payments made to bondholders.
The INE906B07IB6 Bond is issued by National Highways Authority Of India, a PSU company.