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Food Corporation of India 8.8% 2028 Bond

ISININE861G08027

FOOD CORPORATION OF INDIA 8.8 BD 22MR28 FVRS10LAC LOA UPTO 18JU13

Food Corporation of India is a public-sector (PSU) issuer in the Basic Materials sector. This directory lists 6 of its bonds.

Key terms

Issue date
22 Mar 2013
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
N.A.
Sector
Basic Materials
Issuer type
PSU

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

What the rating means

ICRA AAA / Stable (CE)CRISIL AAA / Stable (CE)

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(CE)/Stable;CRISIL AAA (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 8.75% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

15 scheduled payments through 22 Mar 2028; final payment ₹10,88,000 per bond.

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