Indore Municipal Corporation - INE00QS24043
municipal
Coupon Rate
8.25%
Maturity Date
20 Feb 2028
ISIN
INE00QS24043
Face Value
₹250
About Issuer
This AA rated bond from Indore Municipal Corporation, a municipal, offers a Fixed coupon of 8.25% with maturity on 20 February 2028. Issued through the Public offer as under ISIN INE00QS24043, 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
CARE 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 Feb 2023
Remaining Tenure
2Y 7M
Security Name
INDORE MUNICIPAL CORPORATION SR I STRPP B 8.25 BD 20FB28 FVRS250
Risk Assessment
Credit Rating
Rating
CARE AA (Stable)
Date of Rating
04 Dec 2024
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