Instrument Details

ISIN: INE636F07209

Face value

₹10,00,000

Coupon rate

8.68%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

900

Instrument Type

Bond

Returns

High

Date of Issue

30 Sep 2015

Maturity Date

30 Sep 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

NORTH EASTERN ELECTRIC POWER CORPORATION LIMITED 8.68 NCD 30SP30 FVRS10LAC LOA UPTO 25NV15
North Eastern Electric Power Corporation Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE636F07209, with a face value of ₹10,00,000 rs on 30Sep15 to raise 900 crores. The debt instrument is issued with a coupon rate of 8.68% 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 Secured Bond is 8.68% SECURED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURE. SERIES- XVI. LETTER OF ALLOTMENT. DATE OF MATURITY 30/09/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 15Oct15. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 27Aug15. This issuer is formerly known as NORTH EASTERN ELECTRIC POWER CORPORATION PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
22 Mar 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
30-Sep-15 : Your investment
₹43,40,000
30-Mar-16 : Interest
₹43,40,000
30-Sep-16 : Interest
₹43,40,000
30-Mar-17 : Interest
₹43,40,000
30-Sep-17 : Interest
₹43,40,000
30-Mar-18 : Interest
₹43,40,000
30-Sep-18 : Interest
₹43,40,000
30-Mar-19 : Interest
₹43,40,000
30-Sep-19 : Interest
₹43,40,000
30-Mar-20 : Interest
₹43,40,000
30-Sep-20 : Interest
₹43,40,000
30-Mar-21 : Interest
₹43,40,000
30-Sep-21 : Interest
₹43,40,000
30-Mar-22 : Interest
₹43,40,000
30-Sep-22 : Interest
₹43,40,000
30-Mar-23 : Interest
₹43,40,000
30-Sep-23 : Interest
₹43,40,000
30-Mar-24 : Interest
₹43,40,000
30-Sep-24 : Interest
₹43,40,000
30-Mar-25 : Interest
₹43,40,000
30-Sep-25 : Interest
₹43,40,000
30-Mar-26 : Interest
₹43,40,000
30-Sep-26 : Interest
₹43,40,000
30-Mar-27 : Interest
₹43,40,000
30-Sep-27 : Interest
₹43,40,000
30-Mar-28 : Interest
₹43,40,000
30-Sep-28 : Interest
₹43,40,000
30-Mar-29 : Interest
₹43,40,000
30-Sep-29 : Interest
₹43,40,000
30-Mar-30 : Interest
₹43,40,000
30-Sep-30 : Interest
₹23,02,00,000
30-Sep-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹13,02,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.68%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Electric Utilities
Head Office
HEAD OFFICE
Shillong
Sector name
SECTOR
Power
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE636F07209 issued by North Eastern Electric Power Corporation Limited

The instrument name of INE636F07209 ISIN is NORTH EASTERN ELECTRIC POWER CORPORATION LIMITED 8.68 NCD 30SP30 FVRS10LAC LOA UPTO 25NV15.
The interest earned from INE636F07209 bond issued by North Eastern Electric Power Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE636F07209 bond issued by North Eastern Electric Power Corporation Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.68%, which determines the periodic interest payments made to bondholders.
The INE636F07209 Bond is issued by North Eastern Electric Power Corporation Limited, a Private Sector company.