Indore Municipal Corporation 9.25% 2028 Bond

ISININE00QS07014

INDORE MUNICIPAL CORPORATION SR-I 9.25 BD 29JU28 FVRS750000

Indore Municipal Corporation is a public-sector (PSU) issuer in the Utilities sector. This directory lists 4 of its bonds.

Key terms

Issue date: 29 Jun 2018
Interest basis: Simple
Instrument: Bonds
Mode of issue: Private Placement
Series: SERIES I
Sector: Utilities
Issuer type: PSU

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

India Ratings AA+ / StableBrickwork BB- / Stable (Issuer Not Cooperating)Acuité AA / Stable

BB-most conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

BB and below are non-investment-grade ('high yield'). A BB rating signals moderate risk of default: the issuer's capacity to repay is uncertain and depends on a favourable environment. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: IND AA+/Stable;BWR BB-/Stable (ISSUER NOT COOPERATING*);ACUITE AA/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 9.46% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

20 scheduled payments through 29 Jun 2028; final payment ₹7,84,688 per bond.

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Key terms

What the rating means

Price, yield & cashflows

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