Tamil Nadu Generation and Distribution Corporation Limited - INE340M08160

Power

corporate

Coupon Rate
9.70%
Maturity Date
24 Dec 2026
ISIN
INE340M08160copy
Face Value
₹10,00,000
About Issuer
This A- rated bond from Tamil Nadu Generation and Distribution Corporation Limited, a corporate, offers a Fixed coupon of 9.7% with maturity on 24 December 2026. Issued through the Private placement as under ISIN INE340M08160, with a solid investment-grade rating, this bond offers an attractive opportunity for investors willing to accept moderate credit risk in exchange for higher yields. An ideal pick for investors aiming to boost portfolio returns, while staying within the boundaries of credible credit quality in the NBFC space.
Key Attributes
Rating
[ICRA]A- (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
corporate
Total Issue Size
-
Allotment Date
24 Dec 2016
Remaining Tenure
16M
Security Name
TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-II 9.7 BD 24DC26 FVRS10LAC
Risk Assessment
Credit Rating
Rating
[ICRA]A- (Stable)
Date of Rating
28 Jun 2023
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