BONDS


FIXED INCOME SOULTIONS

 

About Fixed Income

A bond is a debt security. Borrowers issue bonds to invite funds from investors willing to lend them money for a fixed period.

Institutions like Government, Municipality, Corporates, etc. borrow money from bond buyers. In return, they pay you a fixed rate of interest on the principal. At maturity of the bond, you get both, the interest and the principal amount or face value of the bond, back.

Fixed Income Bonds

BENEFITS OF BONDS

Bonds provide a regular fixed income, usually scheduled monthly/quarterly/yearly.

If your motive is to preserve your capital while adding value to it, bonds are your solution. At the time of maturity of bonds, you get both, the capital as well as the interest earned on the same.

Bonds can help to manage exposure to more volatile stock holdings.

TYPES OF BONDS

Govt/PSU/Corporate bonds, are debt securities issued by private and public corporates and governments.

Credit Risk, These bonds have a higher credit rating, implying less credit risk, than high-yield corporate bonds.

High-yield,  These bonds have a lower credit rating, implying higher credit risk, than AAA Rated bonds and, therefore, offer higher interest rates in return for the higher risk.
Municipal bonds, are debt securities issued by states, cities, counties and other government entities.
Diversification from stock market risk. Fixed income is broadly understood to carry lower risk than stocks
Fixed income is broadly understood to carry minimum risk than shares. This is because of fixed income assets are generally less sensitive to macro risks, such as economic turmoil and geopolitical situations.
While higher risk may lead to higher gain, many investors prefer to go the secured path, even if it means less bond interest.

F.V |

8.25% Bank of Baroda Perpetual

BOND DETAILS

  Issuer: Bank of Baroda​

  ISIN: INE028A08216​

  Face Value: ₹10,00,000​

  Coupon Rate: 8.25% per annum​

  Coupon Payment Frequency: Annually, on July 17 ​

  Issue Date: July 17, 2020

  Maturity Date: Perpetual (no fixed maturity date)​

  Call Option Date: July 17, 2025​

  Bond Type: Perpetual, Additional Tier 1 (AT1)​

  Security: Unsecured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA+ by CRISIL (as of July 13, 2020) ​

  Listing Status: Listed on BSE and NSE (since July 22, 2020) ​

  Taxation: Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

 

F.V |

9.50% Union Bank Perpetual

BOND DETAILS

  Issuer: Union Bank of India

  ISIN: INE692A08029

  Face Value: ₹10,00,000​

  Coupon Rate: 9.50% per annum​

  Coupon Payment Frequency: Annually, on September 15

  Issue Date: September 15, 2016

  Maturity Date: Perpetual (no fixed maturity date)​

  Call Option Date: September 15, 2026

  Bond Type: Perpetual, Additional Tier 1 (AT1)​

  Security: Unsecured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA+ by CARE (as of September 19, 2024) ​

  Listing Status: Listed on BSE and NSE (since July 22, 2020) ​

  Taxation: Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

F.V |

9.15% PNB Perpetual 

BOND DETAILS

  Issuer: Punjab National Bank

  ISIN: INE160A08076

  Face Value: ₹10,00,000​

  Coupon Rate: 9.15% per annum​

  Coupon Payment Frequency: Annually, on February 13

  Issue Date: February 13, 2015

  Maturity Date: Perpetual (no fixed maturity date)​

  Call Option Date: February 13, 2025​

  Bond Type: Perpetual, Additional Tier 1 (AT1)​

  Security: Unsecured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA+ by CRISIL (as of July 13, 2020) ​

  Listing Status: Listed on BSE and NSE (since July 22, 2020) ​

  Taxation: Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

F.V |

9.35% Talangana State Industrial 2028

BOND DETAILS

  Issuer: Telangana State Industrial Infrastructure Corp. Ltd.

  ISIN: INE1C3207081​

  Face Value: ₹10,00,000​

  Coupon Rate: 9.35% per annum​

  Coupon Payment Frequency: Annually, on December 6

  Issue Date: December 06, 2024

  Maturity Date: December 29, 2028

  Call Option Date: N/A

  Bond Type: NCD Taxable

  Security: Secured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA by IND (as of July 13, 2020) ​

  Listing Status: Listed on BSE and NSE (since November 26, 2024) ​

  Taxation: NCD Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

F.V |

10.15% UPPCL 20 January 2026

BOND DETAILS

  Issuer: UP Power Corp. LTD.

  ISIN: INE540P07335

  Face Value: ₹10,00,000​

  Coupon Rate: 10.15% per annum​

  Coupon Payment Frequency: Annually, on March 27

  Issue Date: March 27, 2018

  Maturity Date: January 20, 2026

  Call Option Date: N/A

  Bond Type: NCD Taxable​

  Security: Secured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA by BWR (as of July 13, 2020) ​

  Listing Status: Listed on BSE and NSE (since September 24, 2024) ​

  Taxation: NCD Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

F.V |

9.62% Andhra Pradesh State Beverage Corp Ltd 2031

BOND DETAILS

  Issuer: Andhra Pradesh State Beverage Corp. LTD.

  ISIN: INE0M2307198

  Face Value: ₹10,00,000​

  Coupon Rate: 09.62% per annum​

  Coupon Payment Frequency: Annually, on December 2022

  Issue Date: December 21, 2022

  Maturity Date: November 28, 2031

  Call Option Date: N/A

  Bond Type: NCD Taxable​

  Security: Secured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: Sovereign

  Listing Status: Listed on BSE and NSE 

  Taxation: NCD Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

F.V |

10.25% Shriram Transport Finance Co. Ltd 2024

BOND DETAILS

  Issuer: Shriram Transport Finance Co. Ltd 

  ISIN: INE721A08DE4

  Face Value: ₹10,00,000​

  Coupon Rate: 10.25% per annum​

  Coupon Payment Frequency: Annually, on December 18 ​

  Issue Date: December 31, 2018

  Maturity Date: December 27, 2024

  Call Option Date: N/A

  Bond Type: NCD Taxable

  Security: Unsecured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA+ by IND (as of July 13, 2020) ​

  Listing Status: Listed on BSE and NSE (since July 22, 2020) ​

  Taxation: NCD Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

 

F.V |

9.75% Hinduja Leyland Finance Ltd 2026

BOND DETAILS

  Issuer: Hinduja Leyland Finance Ltd.

  ISIN: INE146O08183

  Face Value: ₹10,00,000​

  Coupon Rate: 09.75% per annum​

  Coupon Payment Frequency: Annually, on March 19

  Issue Date: March 19, 2021

  Maturity Date: September 18, 2026

  Call Option Date: N/A

  Bond Type: NCD Taxable​

  Security: Secured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA+ by CRISIL (as of October 02, 2024) ​

  Listing Status: Listed on BSE and NSE (since September 24, 2024) ​

  Taxation: NCD Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

F.V |

8.70% Aditya Birla Finance Ltd. 2027

BOND DETAILS

  Issuer: Aditya Birla Finance Ltd.

  ISIN: INE860H08DZ0

  Face Value: ₹10,00,000​

  Coupon Rate: 8.70% per annum​

  Coupon Payment Frequency: Annually, on July 21

  Issue Date: July 21, 2017

  Maturity Date: July 21, 2027

  Call Option Date: July 21, 2027

  Bond Type: Perpetual

  Security: Unsecured​

  Seniority in Repayment: Additional Tier 1​

  Credit Rating: AA+ by IND (as of April 08, 2025) ​

  Listing Status: Listed on BSE and NSE (since September 24, 2024) ​

  Taxation: NCD Taxable​

  Minimum Investment: ₹10,00,000​

  Accrued Interest Calculation: Accrued interest is calculated from the last coupon payment date to the settlement date.

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