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Instrument Details

ISIN: INE807X08017

Face value

₹10,00,000

Coupon rate

7.59%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Bond

Returns

Medium

Date of Issue

20 Jun 2017

Maturity Date

20 Jun 2027

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

PUNE MUNICIPAL CORPORATION SR-I 7.59 BD 20JU27 FVRS10LAC
Pune Municipal Corporation, a Other Utilities company, has floated Bond, having ISIN value as INE807X08017, with a face value of ₹10,00,000 rs on 20Jun17 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.59% 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 7.59% UNSECURED REDEEMABLE LISTED TAXABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTUES (MUNICIPAL BONDS). SERIES I. DATE OF MATURITY 20/06/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 22Jun17. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 16Jun17. 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
18 Jun 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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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
20-Jun-17 : Your investment
₹37,95,000
20-Dec-17 : Interest
₹37,95,000
20-Jun-18 : Interest
₹37,95,000
20-Dec-18 : Interest
₹37,95,000
20-Jun-19 : Interest
₹37,95,000
20-Dec-19 : Interest
₹37,95,000
20-Jun-20 : Interest
₹37,95,000
20-Dec-20 : Interest
₹37,95,000
20-Jun-21 : Interest
₹37,95,000
20-Dec-21 : Interest
₹37,95,000
20-Jun-22 : Interest
₹37,95,000
20-Dec-22 : Interest
₹37,95,000
20-Jun-23 : Interest
₹37,95,000
20-Dec-23 : Interest
₹37,95,000
20-Jun-24 : Interest
₹37,95,000
20-Dec-24 : Interest
₹37,95,000
20-Jun-25 : Interest
₹37,95,000
20-Dec-25 : Interest
₹37,95,000
20-Jun-26 : Interest
₹37,95,000
20-Dec-26 : Interest
₹37,95,000
20-Jun-27 : Interest
₹17,59,00,000
20-Jun-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,59,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.59%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Other Utilities
Head Office
HEAD OFFICE
Pune
Sector name
SECTOR
Utilities
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE807X08017 issued by Pune Municipal Corporation

The instrument name of INE807X08017 ISIN is PUNE MUNICIPAL CORPORATION SR-I 7.59 BD 20JU27 FVRS10LAC.
The interest earned from INE807X08017 bond issued by Pune Municipal Corporation is paid Semi Annually, ensuring regular and consistent income for investors.
This INE807X08017 bond issued by Pune Municipal Corporation has been assigned a credit rating of AA+ 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 7.59%, which determines the periodic interest payments made to bondholders.
The INE807X08017 Bond is issued by Pune Municipal Corporation, a PSU company.
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