Security Name: 8.90% Greater Hyderabad Municipal Corporation 16 Feb 2028
ISIN:
INE477Z08014
Taxable
Tax Category
16 Feb, 2028
Maturity Date
(3 Yr 1 Mo 12 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
16 Feb, 2018
Allotment Date
NA
Put Date
16 Feb, 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
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.9%
Coupon
Fixed Interest
Coupon Basis
8.8135%
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
Greater Hyderabad Municipal Corporation
Greater Hyderabad Municipal Corporation (GHMC) is a civic body set up to oversee the activities of Hyderabad which is the capital of Telangana. It was established in 1869 as a municipality and later in 1933 got converted into a Corporation. The area under GHMC is currently divided into 5 zones (south, east, north, west, and central) and 30 circles.
The ratio in FY23 is 0.33x and it was 0.38x in FY22, indicating decrease in the debt level due to increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY23 is 3.17x and it was 3.53x in FY22, indicating decrease in debt servicing ability of the issuer due to increase in finance cost compared to previous year.
Interest coverage ratio
Recent News
The Greater Hyderabad Municipal Corporation completed training in rescue operations with NDRF
Jun 01, 2023 | Greater Hyderabad Municipal Corporation
Urban local bodies in Telangana to issue pooled municipal bonds
Apr 16, 2024 | Greater Hyderabad Municipal Corporation
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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.
₹100.9817
Clean Price
8.7070%
Yield (YTM)
Principal Amount
Accrued Interest from
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE477Z08014 |
|---|
| 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 |
|---|
| 8.90% Greater Hyderabad Municipal Corporation 16 Feb 2028 |
| Credit Rating |
|---|
| AA Stable by IND |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.900000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 16/02/2028 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jan 03,2025 |
| Principal Amount |
|---|
| ₹10,09,817 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,09,818 |
| Price |
|---|
| ₹100.9817 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | 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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