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Instrument Details

ISIN: INE557F08FG1

Face value

₹10,00,000

Coupon rate

7.05%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1720

Instrument Type

Bond

Returns

Medium

Date of Issue

18 Dec 2019

Maturity Date

18 Dec 2024

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 HOUSING BANK 7.05 BD 18DC24 FVRS10LAC LOAUPTO19FB20
National Housing Bank, a Financial Institution company, has floated Bond, having ISIN value as INE557F08FG1, with a face value of ₹10,00,000 rs on 18Dec19 to raise 1720 crores. The debt instrument is issued with a coupon rate of 7.05% 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 7.05% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BOND IN THE NATURE OF DEBENTURE 2024. LETTER OF ALLOTMENT. MATURITY DATE : 18/12/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 30Dec19 & on BSE stock exchange on 30Dec19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 07Oct19. 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
27 Sep 2024
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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
18-Dec-19 : Your investment
₹70,50,000
18-Dec-20 : Interest
₹70,50,000
18-Dec-21 : Interest
₹70,50,000
18-Dec-22 : Interest
₹70,50,000
18-Dec-23 : Interest
₹70,50,000
18-Dec-24 : Interest
₹13,52,50,000
18-Dec-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,52,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.05%

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
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE557F08FG1 issued by National Housing Bank

The instrument name of INE557F08FG1 ISIN is NATIONAL HOUSING BANK 7.05 BD 18DC24 FVRS10LAC LOAUPTO19FB20.
The interest earned from INE557F08FG1 bond issued by National Housing Bank is paid Annually, ensuring regular and consistent income for investors.
This INE557F08FG1 bond issued by National Housing Bank 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 7.05%, which determines the periodic interest payments made to bondholders.
The INE557F08FG1 Bond is issued by National Housing Bank, a PSU company.
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