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Instrument Details

ISIN: INE572E09262

Face value

₹10,00,000

Coupon rate

8.70%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Bond

Returns

High

Date of Issue

24 Nov 2014

Maturity Date

24 Nov 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

PNB HOUSING FINANCE LTD SR-III 8.7 LOA 24NV24 FVRS10LAC
Pnb Housing Finance Ltd, a Housing Finance Company company, has floated Bond, having ISIN value as INE572E09262, with a face value of ₹10,00,000 rs on 24Nov14 to raise 200 crores. The debt instrument is issued with a coupon rate of 8.70% 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 8.70% UNSECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF PROMISSORY NOTE. SERIES III. LETTER OF ALLOTMENT.DATE OF MATURITY 24/11/2024. 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 05Dec14 & on BSE stock exchange on 05Dec14. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 12Nov14. 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
28 May 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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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
24-Nov-14 : Your investment
₹43,50,000
24-May-15 : Interest
₹43,50,000
24-Nov-15 : Interest
₹43,50,000
24-May-16 : Interest
₹43,50,000
24-Nov-16 : Interest
₹43,50,000
24-May-17 : Interest
₹43,50,000
24-Nov-17 : Interest
₹43,50,000
24-May-18 : Interest
₹43,50,000
24-Nov-18 : Interest
₹43,50,000
24-May-19 : Interest
₹43,50,000
24-Nov-19 : Interest
₹43,50,000
24-May-20 : Interest
₹43,50,000
24-Nov-20 : Interest
₹43,50,000
24-May-21 : Interest
₹43,50,000
24-Nov-21 : Interest
₹43,50,000
24-May-22 : Interest
₹43,50,000
24-Nov-22 : Interest
₹43,50,000
24-May-23 : Interest
₹43,50,000
24-Nov-23 : Interest
₹43,50,000
24-May-24 : Interest
₹43,50,000
24-Nov-24 : Interest
₹18,70,00,000
24-Nov-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,70,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.70%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE572E09262 issued by Pnb Housing Finance Ltd

The instrument name of INE572E09262 ISIN is PNB HOUSING FINANCE LTD SR-III 8.7 LOA 24NV24 FVRS10LAC.
The interest earned from INE572E09262 bond issued by Pnb Housing Finance Ltd is paid Semi Annually, ensuring regular and consistent income for investors.
This INE572E09262 bond issued by Pnb Housing Finance Ltd 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 8.7%, which determines the periodic interest payments made to bondholders.
The INE572E09262 Bond is issued by Pnb Housing Finance Ltd, a PSU company.
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