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Punjab Infrastructure Development Board 0.4% 2027 Bond

ISININE091D11147

PUNJAB INFRASTRUCTURE DEVELOPMENT BOARD 0.4 LOA 15OT27 FVRS10LAC

Punjab Infrastructure Development Board is a public-sector (PSU) issuer in the Utilities sector. This directory lists 7 of its bonds.

Key terms

Issue date
15 Oct 2008
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
PIDB Bonds Series-III
Sector
Utilities
Issuer type
PSU

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

What the rating means

CARE BB+ / Stable (CE)ICRA BBB- / Stable (CE)

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: CARE BB+(CE)/Stable;ICRA BBB-(CE)/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 0.40% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

19 scheduled payments through 15 Oct 2027; final payment ₹10,04,000 per bond.

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