Ghaziabad Nagar Nigam

About Ghaziabad Nagar Nigam bond with ISIN: INE0GVF24014

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE0GVF24014, represents a significant financial instrument. Issued by GHAZIABAD NAGAR NIGAM, it comes with the following description: "8.10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE GREEN BONDS IN THE NATURE OF DEBENTURES. STRPP A. DATE OF MATURITY 06/04/2025". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, GHAZIABAD NAGAR NIGAM, classified as Public Sector Undertaking (PSU), plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) N/A further bolster its credibility. With a coupon rate of 8.10%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of SBICAP Trustee Company Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 142900 with an issue size of 21.435. It was allotted on 4/6/2021 and is scheduled for redemption on 4/6/2025. Categorized under "-" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AA as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of AA is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: THE PRINCIPAL AMOUNT OF GREEN BONDS TO BE ISSUED IN NATURE OF DEBENTURES TO BE ISSUED WITH ALL COUPON DUE ON THE DEBENTURES AS WELL AS COSTS CHARGES ALL FEES REMUNERATION OF DEBENTURE TRUSTEE AND ECPENSES PAYABLE IN RESPECT THEREOF HAS BEEN SECURED BY a) LEGALLY ENFORCEABLE AND TENABLE FIRST AND EXCLUSIVE CHARGE OVER SPECIFIC FIXED ASSET OF THE MUNICIPAL CORPORATION WITH MINIMUM COVER OF 1.25 TIMES OF THE TOTAL AMOUNT BORROWED ...CONTACT ISSUER FOR FURTHER DETAILS – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, INDIA RATING AND RESEARCH PVT. LTD_03-04-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_19-04-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_21-04-2023, BRICKWORK RATINGS INDIA PRIVATE LIMITED_19-04-2022, INDIA RATING AND RESEARCH PVT. LTD_04-04-2023. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE0GVF24022 having a coupon rate of 8.1% and the bond with ISIN INE0GVF24063 having a coupon rate of 8.1% and the bond with ISIN INE0GVF24055 having a coupon rate of 8.1% and the bond with ISIN INE0GVF24071 having a coupon rate of 8.1%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.