Instrument Details

ISIN: INE114A07638

Face value

₹10,00,000

Coupon rate

8.80%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

14

Instrument Type

Bond

Returns

High

Date of Issue

26 Oct 2009

Maturity Date

26 Oct 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA (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

STEEL AUTHORITY OF INDIA LIMITED 8.8 BD 26OT25 FVRS10LAC LOA UPTO 25OT09
Steel Authority Of India Limited, a Iron & Steel company, has floated Bond, having ISIN value as INE114A07638, with a face value of ₹10,00,000 rs on 26Oct09 to raise 14 crores. The debt instrument is issued with a coupon rate of 8.80% 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 Secured Bond is 8.80% Taxable Secured Redeemable Non Convertible Bonds (XXIV) - Issue (I Series) - AK-XII Letter of Allotment. Date of Maturity : 26/10/2025. 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 AA rating to this Bond on 29May17. 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
06 Sep 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
26-Oct-09 : Your investment
₹88,00,000
26-Oct-10 : Interest
₹88,00,000
26-Oct-11 : Interest
₹88,00,000
26-Oct-12 : Interest
₹88,00,000
26-Oct-13 : Interest
₹88,00,000
26-Oct-14 : Interest
₹88,00,000
26-Oct-15 : Interest
₹88,00,000
26-Oct-16 : Interest
₹88,00,000
26-Oct-17 : Interest
₹88,00,000
26-Oct-18 : Interest
₹88,00,000
26-Oct-19 : Interest
₹88,00,000
26-Oct-20 : Interest
₹88,00,000
26-Oct-21 : Interest
₹88,00,000
26-Oct-22 : Interest
₹88,00,000
26-Oct-23 : Interest
₹88,00,000
26-Oct-24 : Interest
₹88,00,000
26-Oct-25 : Interest
₹24,08,00,000
26-Oct-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹14,08,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.80%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Iron & Steel
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Metals & Mining
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE114A07638 issued by Steel Authority Of India Limited

The instrument name of INE114A07638 ISIN is STEEL AUTHORITY OF INDIA LIMITED 8.8 BD 26OT25 FVRS10LAC LOA UPTO 25OT09.
The interest earned from INE114A07638 bond issued by Steel Authority Of India Limited is paid Annually, ensuring regular and consistent income for investors.
This INE114A07638 bond issued by Steel Authority Of India Limited 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 8.8%, which determines the periodic interest payments made to bondholders.
The INE114A07638 Bond is issued by Steel Authority Of India Limited, a PSU company.