Prayagraj Nagar Nigam

This AA rated bond from Prayagraj Nagar Nigam, a municipal, offers a Fixed coupon of 8.07% with maturity on 02 May 2029. Issued through the Private placement as under ISIN INE1QL524016, 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.