Bond Directory / NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

BLOCKED DUE TO ACA

5.14% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BOND. NCD SERIES 21D. LETTER OF ALLOTMENT.DATE OF MATURITY 31/01/2024.

ISIN

INE261F08CK9

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Essentials

Coupon Rate (Returns)

5.14%

Rating

AAA  ICRA LIMITED

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

-3 months

Jan 31, 2024

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

6385 Crores

Issue Price

₹10,00,000

Security class

Bond

Listing details

NSE

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private Placement

Issuer Details

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

Business Sector

162

Issuer Nature type

Bank

Issuer Ownership

Public Sector Undertaking (PSU)

Factors

*Rating Agency -ICRA LIMITED

Issue Size

Large

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - ICRA LIMITED

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AAA

(Mar 19, 2024)

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

Credit Outlook

Stable

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

Rating Watch

4

-

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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