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7.14%Indian Oil Corporation Limited 06 Sep 2027

ISIN:
INE242A08536
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Taxable

Tax Category

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06 Sep, 2027

Maturity Date
(3 Yr 1 Mo 15 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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06 Sep, 2022

Allotment Date

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NA

Put Date

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06 Sep, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA Stable
CRISIL
AAA Stable
ICRA
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Indian Oil Corporation Limited

IOC is currently the largest corporate entity in India by sales. IOC enjoys a dominant presence in the domestic crude and product transportation business, controlling significant share in the country’s total downstream pipeline capacity. The company currently operates CGD networks in five Geographical Areas in Uttar Pradesh through Green Gas Limited; besides, the company is also implementing CGD projects across several other cities through Indian Oil-Adani Gas Private Limited - a JV with the Adani group.

The ratio in FY24 is 1.57x and it was 4.65x in FY23, indicating decrease  in the debt level due to decrease  in the  borrowings of the issuer in FY24.

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Debt/EBITDA

The ratio in FY24 is 8.14x and it was 2.40x in FY23, indicating increase in  debt servicing ability due to significant  increase in the profitability of the issuer in FY24.

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Interest coverage ratio

Recent News
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Arvind Kumar appointed Director (Refineries) of Indian Oil Corporation Limited

Apr 12, 2024 | Indian Oil Corporation Limited

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IOC to resume Avgas supply to flying schools

Apr 12, 2024 | Indian Oil Corporation Limited

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Lifecycle of a Bond

The journey through the various stages that define the lifespan of a bond.

STEPS TO BUY THIS BOND
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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