Bond Directory / LUCKNOW MUNICIPAL CORPORATION

LUCKNOW MUNICIPAL CORPORATION

ACTIVE

8.50% SECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES E. DATE OF MATURITY 18/11/2028.

ISIN

INE05OC24058

Copied

Essentials

Coupon Rate (Returns)

8.50%

Rating

AA(CE)  BRICKWORK RATINGS INDIA PRIVATE LIMITED

Interest Payment Frequency

SEMI ANNUALLY

Two Times Every Year

Maturity after

4 years 7 months

Nov 18, 2028

Face Value

₹1,42,900

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

28.58 Crores

Issue Price

₹1,42,900

Security class

Municipal Bonds

Listing details

BSE

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private

Issuer Details

LUCKNOW MUNICIPAL CORPORATION

Business Sector

Utilities

Issuer Nature type

Other

Issuer Ownership

Public Sector Undertaking (PSU)

Factors

*Rating Agency -BRICKWORK RATINGS INDIA PRIVATE LIMITED

Issue Size

Medium

Rating Category*

AA

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

Factors

Issue Size

Medium

Rating Category*

AA

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

*Rating Agency - BRICKWORK RATINGS INDIA PRIVATE LIMITED

Note: Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government). The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AA(CE)

(Nov 20, 2020)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

Not Applicable

Not Applicable

Repayment Priority

Higher the level, higher the priority of investment repayment on default

None

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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