Ghaziabad Nagar Nigam

municipal

Tenure
3Y
About Issuer
This AA rated bond from Ghaziabad Nagar Nigam, a municipal, offers a Fixed coupon of 8.1% with maturity on 06 April 2029. Issued through the Private placement as under ISIN INE0GVF24055, 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.
Summary
Interest
Interest
Half Yearly
Principal
Principal
At maturity
COUPON RATE
8.10%
FACE VALUE
₹1,42,900
MATURITY DATE
06 Apr 2029
SECTOR
municipal
COLLATERAL SECURITY
Secured
TAX STATUS
Taxable
TRUSTEE
-
ISIN
INE0GVF24055
Credit rating
Rating
BWR AA
Rating Agency
Brickwork Ratings
Date of Rating
21 Apr 2023
Other details
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