Security Name: 7.59% Pune Municipal Corporation 20 Jun 2027
ISIN:
INE807X08017
Taxable
Tax Category
20 Jun, 2027
Maturity Date
(2 Yr 1 Mo 10 D to mature)
Half Yearly
Interest Payment Frequency
No
NRI Eligibility
20 Jun, 2017
Allotment Date
NA
Put Date
20 Jun, 2024
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
Municipal
Type of Issuer
Quote Not Available
Dirty Price
7.59%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
05 Jun, 2024
Record Date
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?
An investment secured with collateral helps
ISSUER
Pune Municipal Corporation
Pune Municipal Corporation (PMC) was incorporated on 15th Feb, 1950, PMC is the second largest contributor to Maharashtra’s GDP and also the second largest corporation of Maharashtra and it is governed by Maharashtra Municipal Act, 1949. PMC is mainly responsible for the administration of the city, maintaining infrastructure facilities, and providing various civic services such as water supply, solid waste management, sewerage, education, health and others to its citizens. Pune has been the hub of the engineering industry for over five decades and one of the evolving business centres as it hosts various Information Technology (IT) and automotive companies.
The ratio in FY23 is 0.06 x and it was 0.07x in FY22, indicating decrease in debt level due to increase in profits.
Debt/EBITDA
The ratio in FY23 is 212.57x and it was 196.41x in FY22, indicating decreased debt servicing ability of the issuer due to increase in finance cost.
Interest coverage ratio
Recent News
PMC initiates new financial year property bills
Apr 05, 2024 | Pune Municipal Corporation
Prior permission mandatory for pruning or cutting trees before monsoon: PMC
Apr 05, 2024 | Pune Municipal Corporation
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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 INE807X08017 |
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| 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). |
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| Security Name |
|---|
| 7.59% Pune Municipal Corporation 20 Jun 2027 |
| Credit Rating |
|---|
| AA + /Stable by CARE AA + /Stable by IND |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 7.590000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 20/06/2027 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
|---|
| ₹NaN |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
|---|
| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
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.
