Security Name: 7.95% Greater Chennai Corporation 09 Jan 2034
ISIN: INE1SKA24110
Taxable
Tax Category
09 Jan, 2034
Maturity Date
(7 Yr 11 Mo 18 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
09 Jan, 2026
Allotment Date
NA
Put Date
09 Jul, 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
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
7.95%
Coupon
Fixed Interest
Coupon Basis
7.7563%
Current Yield
24 Jun, 2026
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
Risk gauge from Low to High Safety. Needle points near High Safety. Credit rating is AA + /Stable (CARE).
| Rating agency | Rating | Needle position |
|---|---|---|
| CARE | AA + /Stable | near High Safety |
| ACUITE | AA+ Stable | near High Safety |
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Greater Chennai Corporation
The Greater Chennai Corporation (est. September 29, 1688) is the oldest municipal institution in India. Established by the East India Company, its legal administrative power, including the ability to levy taxes, began with the Parliamentary Act of 1792. Its modern governance is based on the Madras Municipal Corporation Act, 1919.
The ratio in FY25 is 0.65x and it was 1.03x in FY24, indicating decrease in the debt level due to increase in the net profit of the company which helped decrease the borrowing of the company .
Debt/EBITDA
The ratio in FY25 is 16.36x and it was 5.33x in FY24,indicating increase in the debt servicing ability due to the increase in the tax revenue of the company which helped to decrease interest expenses of the company.
Interest coverage ratio
Recent News
Greater Chennai Corporation resumes desilting of 1.13 lakh silt catch pits across city
Nov 01, 2025 | Greater Chennai Corporation
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The Complex Terrain of Tax Implications for Fixed-Income Investments!
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.
Clean Price
Yield (YTM)
Principal Amount
Accrued Interest from
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
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Total Investment
| Cashflow for INE1SKA24110 |
|---|
| 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 |
|---|
| 7.95% Greater Chennai Corporation 09 Jan 2034 |
| Credit Rating |
|---|
| AA + /Stable by CARE AA+ Stable by ACUITE |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 7.950000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 09/01/2034 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jan 21,2026 |
| Principal Amount |
|---|
| ₹1,02,497 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,02,497 |
| Price |
|---|
| ₹102.497 |
| 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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