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National Bank for Agriculture and Rural Development 7.68% 2029 Bond

ISININE261F08EG3

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR F24 7.68 BD 30AP29 FVRS1LAC

National Bank for Agriculture and Rural Development is a public-sector (PSU) issuer in the Financial Institution sector. This directory lists 110 of its bonds.

Key terms

Issue date
1 Feb 2024
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement (EBP)
Series
F
Sector
Financial Institution
Issuer type
PSU
Issuer nature
Bank

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

What the rating means

ICRA AAA / StableIndia Ratings AAA / StableCRISIL AAA / Stable

AAAmost 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.

AAA is the highest rating an Indian agency assigns. It signals the strongest assessed capacity to pay interest and principal on time: the agency sees the risk of default as the lowest it recognises. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: ICRA AAA/Stable;IND AAA/Stable;CRISIL AAA/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 7.66% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

6 scheduled payments through 30 Apr 2029; final payment ₹1,07,680 per bond.

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