Greater Chennai Corporation - INE1SKA24037

municipal

Coupon Rate
7.97%
Maturity Date
21 May 2035
ISIN
INE1SKA24037copy
Face Value
₹1,00,000
About Issuer
This AA+ rated bond from Greater Chennai Corporation, a municipal, offers a Fixed coupon of 7.97% with maturity on 21 May 2035. Issued through the Private placement as under ISIN INE1SKA24037, this bond ensures strong credit quality with minimal default risk, making it a dependable option for investors seeking better returns than traditional fixed deposits, without taking on significant risk. Ideal for investors who want stable returns with high credit assurance, while benefiting from a superior yield in a short-to-medium term horizon.
Key Attributes
Rating
ACUITE AA+ (Stable)
Tax Status
Taxable
Mode of Issue
Public
Private
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Half Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
municipal
Total Issue Size
-
Allotment Date
20 May 2025
Remaining Tenure
9Y 5M
Security Name
Greater Chennai Corporation, 7.97% 21may2035, INR (STRPP E)
Risk Assessment
Credit Rating
Rating
ACUITE AA+ (Stable)
Date of Rating
12 Dec 2025
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