Security Name: 7.25% Indian Oil Corporation Limited 06 Jan 2030
ISIN:
INE242A08569
Taxable
Tax Category
06 Jan, 2030
Maturity Date
(4 Yr 10 Mo 11 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
06 Jan, 2025
Allotment Date
NA
Put Date
06 Jan, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
7.25%
Coupon
Fixed Interest
Coupon Basis
7.2733%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
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ISSUER
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.
Debt/EBITDA
The ratio in FY24 is 8.14x and it was 2.40x in FY23, indicating increase in the debt servicing ability due to significant increase in the profitability of the issuer in FY24.
Interest coverage ratio
Recent News
Arvind Kumar appointed Director (Refineries) of Indian Oil Corporation Limited
Apr 12, 2024 | Indian Oil Corporation Limited
IOC to resume Avgas supply to flying schools
Apr 12, 2024 | Indian Oil Corporation Limited
Jefferies upgrades Indian Oil to 'Buy', lifts target to Rs 185; share up 2%
Dec 16, 2024 | Indian Oil Corporation Limited
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Taxation
The Complex Terrain of Tax Implications for Fixed-Income Investments!
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The journey through the various stages that define the lifespan of a bond.
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE242A08569 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 7.25% Indian Oil Corporation Limited 06 Jan 2030 |
| Credit Rating |
|---|
| AAA Stable by IND AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 7.250000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 06/01/2030 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹99,680 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹99,680 |
| Price |
|---|
| ₹99.68 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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