Instrument Details

ISIN: INE340M08152

Face value

₹10,00,000

Coupon rate

10%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Bond

Returns

High

Date of Issue

08 Feb 2016

Maturity Date

02 Aug 2026

Perpetual

Yes

Listing Status

Listed

Rating status

A(CE) (INDIA Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-II 10 BD 08FB26 FVRS10LAC
Tamilnadu Generation And Distribution Corporation Limited, a Energy company, has floated Bond, having ISIN value as INE340M08152, with a face value of ₹10,00,000 rs on 08Feb16 to raise 50 crores. The debt instrument is issued with a coupon rate of 10% 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 10% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS SERIES II 2015-16. DATE OF MATURITY 08/02/2026. 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 23Feb16. INDIA RATING AND RESEARCH PVT. LTD has given A(CE) rating to this Bond on 06Dec19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A(CE)
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Date Verified
05 Jun 2023
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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
08-Feb-16 : Your investment
₹50,00,000
08-Aug-16 : Interest
₹50,00,000
08-Feb-17 : Interest
₹50,00,000
08-Aug-17 : Interest
₹50,00,000
08-Feb-18 : Interest
₹50,00,000
08-Aug-18 : Interest
₹50,00,000
08-Feb-19 : Interest
₹50,00,000
08-Aug-19 : Interest
₹50,00,000
08-Feb-20 : Interest
₹50,00,000
08-Aug-20 : Interest
₹50,00,000
08-Feb-21 : Interest
₹50,00,000
08-Aug-21 : Interest
₹50,00,000
08-Feb-22 : Interest
₹50,00,000
08-Aug-22 : Interest
₹50,00,000
08-Feb-23 : Interest
₹50,00,000
08-Aug-23 : Interest
₹50,00,000
08-Feb-24 : Interest
₹50,00,000
08-Aug-24 : Interest
₹50,00,000
08-Feb-25 : Interest
₹50,00,000
08-Aug-25 : Interest
₹50,00,000
08-Feb-26 : Interest
₹38,33,333
02-Aug-26 : Interest
₹20,38,33,333
02-Aug-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,38,33,333)

Summary

Instrument Attributes

Value

Coupon Rate

10%

Returns

High

Bond Rating

A(CE)

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Energy
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE340M08152 issued by Tamilnadu Generation And Distribution Corporation Limited

The instrument name of INE340M08152 ISIN is TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-II 10 BD 08FB26 FVRS10LAC.
The interest earned from INE340M08152 bond issued by Tamilnadu Generation And Distribution Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE340M08152 bond issued by Tamilnadu Generation And Distribution Corporation Limited has been assigned a credit rating of A(CE) 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 10%, which determines the periodic interest payments made to bondholders.
The INE340M08152 Bond is issued by Tamilnadu Generation And Distribution Corporation Limited, a PSU company.