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Security Name: 7.64% Food Corporation Of India 12 Dec 2029

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ISIN:
INE861G08050
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Taxable

Tax Category

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12 Dec, 2029

Maturity Date
(4 Yr 10 Mo 25 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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12 Dec, 2019

Allotment Date

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NA

Put Date

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12 Dec, 2025

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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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

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7.64%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING

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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
AAA (CE) Stable
CARE
AAA (CE) Stable
CRISIL
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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Food Corporation Of India

These Bonds are issued under the ‘Special Bonds’ category of Government of India and RBI FCI is a 100% GoI-owned corporation set up by the Central Government under the Food Corporation Act in 1964. It was set up to ensure an effective price support system for farmers, so that they can be paid an MSP for their produce. FCI is also responsible for ensuring adequate food grain availability through the public distribution system (PDS) and maintaining a satisfactory level of operational and buffer stocks of food grains.

The ratio on FY23 is 10.96x and it was also 10.96x in FY22.

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Debt/EBITDA

The ratio in FY23 is 1x and it was 0.84x in FY22. This indicates the FCI’s gearing ability to service its debt.  

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Interest coverage ratio

Recent News
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Govt allows FCI to sell wheat from stocks to flour millers, biscuit makers

Jul 11, 2024 | Food Corporation Of India

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Centre tweaks FCI funding, helping it to go debt free

Jul 10, 2024 | Food Corporation Of India

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India’s rice stocks hit record high, wheat reserves deplete

Jan 12, 2025 | Food Corporation Of India

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

Face Value
Market Value
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Total Investment
Cashflow for INE861G08050
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
7.64% Food Corporation Of India 12 Dec 2029
Credit Rating
AAA (CE) Stable by CARE
AAA (CE) Stable by CRISIL
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
7.640000%
YTM or YTC
YTM
Maturity Date
12/12/2029
Security
Senior Unsecured
No. of Bonds
1
Settlement Date
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
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Price
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Yield
%
YearPayment DateAmountPayout Type

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.

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