North Eastern Electric Power Corporation Limited 7.55% Bond · 10 Jun 2028

Bond terms

Coupon frequency

Half-yearly

Interest type

Fixed Interest

Face value

₹10,00,000

Allotment date

10 Jun 2020

Security

Secured

Seniority

Not available

Day-count convention

Not available

Reported tax category

Taxable

Interest & repayment

Interest payments

PAYABLE SEMI ANNUALLY ON 10-DEC-20, 10-JUN-21 AND SO ON TILL REDEMPTION

Redemption terms

25% OF FACE VALUE i.e. RS.2,50,000 PER BOND IN THE 7TH YEAR AND 8TH YEAR ON 10-DEC-2026, 10-JUN-2027, 10-DEC-2027 AND 10-JUN-2028.

Call provisions

NEEPCO SHALL ALSO HAAE THE RIGHT TO CALL THE WHOLE OR ANY PART OF THE BOND ON OR AFTER THE 5TH YEAR FROM THE DEEMED DATE OF ALLOTMENT AFTER HAVING NOTIFIED THE TRUSTEE NOT LESS THAN 21 CALENDAR DAYS PRIOR TO THE DATE OF EXERCISE OF SUCH CALL OPTION. THE CALL OPTION, WHICH IS DISCRETIONARY, MAY BE EXERCISED ON THE 5TH ANNIVERSARY DATE FROM THE DEEMED DATE OF ALLOTMENT OR ON ANY COUPON PAYMENT DATE THEREAFTER.

Put provisions

Put terms are not available. Check whether you can request early repayment.

Credit ratings

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Issuer & listing details

Issuer

North Eastern Electric Power Corporation Limited

ISIN

INE636F07266

Debenture trustee

SBICAP Trustee Company Limited

Registrar

KFIN TECHNOLOGIES PRIVATE LIMITED

NSE · reported status

To be listed

BSE · reported status

Listed

Security name

NORTH EASTERN ELECTRIC POWER CORPORATION LIMITED XXII 7.55 BD 10JU28 FVRS10LAC LOAUPTO06SP20

Bond description

7.55% SECURED, RATED, LISTED, REDEEMABLE NON CONVERTIBLETAXABLE BONDS IN THE NATURE OF DEBENTURES.SERIES – XXII. LETTER OF ALLOTMENT. DATE OF MATURITY 10/06/2028