Security Name: 7.90% National Highways Infra Trust 25 Oct 2035
ISIN:
INE0H7R07017
Taxable
Tax Category
25 Oct, 2035
Maturity Date
(10 Yr 9 Mo 27 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
25 Oct, 2022
Allotment Date
NA
Put Date
25 Apr, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.9%
Coupon
Fixed Interest
Coupon Basis
NaN%
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?
An investment secured with collateral helps
ISSUER
National Highways Infra Trust
National Highways Infra Trust (‘NHIT’), a registered investment trust under the InvIT regulations and is sponsored by NHAI. As of now, NHIT has a right toll, operate and maintain a portfolio of 5 Initial Toll Roads in the states of Gujarat, Rajasthan,Telangana and Karnataka. Going forward, it intends to toll, operate and maintain a portfolio of 3 Target Toll Roads in the states of Telangana, Maharashtra, Uttar Pradesh and Madhya Pradesh under the Toll Operate Transfer (“TOT”) model conceived by NHAI
The ratio in FY24 is 9.57x and it was 3.12x in FY23, indicating significant increase in the debt level due to significantly increased borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 4.88x and it was 5.68x in FY23, indicating decreased debt servicing ability of the issuer due to increase in Interest on Term Loan Borrowings and Interest on Debentures which resulted in overall increase in the finance cost of the issuer.
Interest coverage ratio
Recent News
Larsen & Toubro buys 1.20 cr units of National Highways Infra Trust for Rs 149 cr
Mar 21, 2024 | National Highways Infra Trust
Gadkari 3.0: National Highways Infra Trust Gets 'Image Makeover' as NHAI Aims to Monetise Projects Worth Rs 15,000-20,000 Crore
Jun 27, 2024 | National Highways Infra Trust
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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 INE0H7R07017 |
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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 |
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| 7.90% National Highways Infra Trust 25 Oct 2035 |
| Credit Rating |
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| AAA Stable by CARE AAA Stable by IND |
| Coupon Frequency |
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| Half Yearly |
| Face Value |
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| ₹300 |
| Coupon |
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| 7.900000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 25/10/2035 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
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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.
