Security Name: 8.07% Prayagraj Nagar Nigam 02 May 2029
ISIN: INE1QL524016
Taxable
Tax Category
02 May, 2029
Maturity Date
(3 Yr 6 Mo 20 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
02 May, 2025
Allotment Date
NA
Put Date
02 Nov, 2025
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
8.07%
Coupon
Fixed Interest
Coupon Basis
7.9507%
Current Yield
18 Oct, 2025
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?
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ISSUER
Prayagraj Nagar Nigam
Prayagraj Nagar Nigam (PNN) is the chief municipal body of Prayagraj city. Its jurisdiction encompasses an area of approximately 365 sq. km and it has a population of about 1.2 million as per the 2011 Census. PNN is one of the largest corporations in the state of Uttar Pradesh. Prayagraj Nagar Nigam (PNN) established in 1994. The company is responsible for the civic infrastructure and administration of the city. Shri Gaurav Kumar is the Chief Development Officer, Shri Vijay Vishwas Pant is the Divisional Commissioner, Shri Navneet Singh Chahal is the District Magistrate and Shri Chandra Mohan Garg is the Commissioner of the city. The registered office of the company is in Uttar Pradesh.
The ratio in FY24 is 0.07x and it was 0.11x in FY23, indicating slight decrease in the debt level due to decrease in the borrowings in FY24.
Debt/EBITDA
The ratio in FY24 is 567x and it was 652x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in interest expenses which led to overall increase in finance cost.
Interest coverage ratio
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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
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE1QL524016 |
|---|
| 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 |
|---|
| 8.07% Prayagraj Nagar Nigam 02 May 2029 |
| Credit Rating |
|---|
| AA by ACUITE AA Stable by IND |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 8.070000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 02/05/2029 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Oct 13,2025 |
| Principal Amount |
|---|
| ₹1,01,500 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,01,500 |
| Price |
|---|
| ₹101.5 |
| 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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