Greater Visakhapatnam Municipal Corporation - INE423G07051
municipal
Coupon Rate
10.00%
Maturity Date
21 Dec 2028
ISIN
INE423G07051
Face Value
₹10,00,000
About Issue
This AA rated bond from Greater Visakhapatnam Municipal Corporation, a municipal, offers a Fixed coupon of 10% with maturity on 21 December 2028. Issued through the Private placement as under ISIN INE423G07051, 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)
Mode of Issue
Public
Private
Tax Saving
Yes
No
Collateral Security
Secured
Unsecured
Deal Details
Interest Frequency
Half Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
municipal
Total Issue Size
-
Allotment Date
21 Dec 2018
Remaining Tenure
3Y 5M
Security Name
GREATER VISAKHAPATNAM MUNICIPAL CORPORATION SERIES I 10 BD 21DC28 FVRS10LAC
Risk Assessment
Credit Rating
Rating
CARE AA (Stable)
Date of Rating
27 Dec 2024
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