Security Name: 8.62% Haryana Vidyut Prasaran Nigam Limited 23 Feb 2027
ISIN: INE535N08064
Taxable
Tax Category
23 Feb, 2027
Maturity Date
(1 Yr 5 Mo 4 D to mature)
Half Yearly
Interest Payment Frequency
No
NRI Eligibility
23 Feb, 2015
Allotment Date
NA
Put Date
01 Jan, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.62%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
17 Dec, 2023
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
Haryana Vidyut Prasaran Nigam Limited
Haryana Vidyut Prasaran Nigam Limited (HVPNL) is a State Government of Haryana undertaking and was incorporated in1997. The company is engaged in transmission company power and is licensed by Haryana Electricity Regulatory Commission (HERC) for transmission and bulk supply of power in Haryana. HVPNL receives power from generation companies, predominantly from Haryana Power Generation Corporation Limited (HPGCL), which is further transmitted through its transmission network consisting of high-tension lines and sub-stations to the distribution companies (discoms) namely: UHBVNL and DHBVNL. The major portion of transmission is done to UHBVNL and DHBVNL; ~99% as on date. In addition to this, the company also supplies power to NTPC, CRPCL, Indian Railways etc.
The ratio in FY25 is 3.35x and it was 2.64x in FY24, indicating increase in the debt level due to increase in the borrowings of the issuer.
Debt/EBITDA
The ratio in FY25 is 1.98x and it was 2.73x in FY24, indicating decrease in the debt servicing ability of the issuer due to total operating income saw a significant decrease of 8.58% in FY25. This directly impacts profitability.
Interest coverage ratio
Recent News
Haryana CM Manohar Lal Khattar approves works worth ₹620 crore
Apr 01, 2024 | Haryana Vidyut Prasaran Nigam Limited
Power infra gets a push in new sector, substation soon
Apr 01, 2024 | Haryana Vidyut Prasaran Nigam Limited
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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.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE535N08064 |
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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 |
|---|
| 8.62% Haryana Vidyut Prasaran Nigam Limited 23 Feb 2027 |
| Credit Rating |
|---|
| A+ (CE) Stable by IND |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
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| ₹7,50,000 |
| Coupon |
|---|
| 8.620000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 23/02/2027 |
| Security |
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| Senior Unsecured |
| 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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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹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.
