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Lucknow Municipal Corporation 8.5% 2027 Bond

ISININE05OC24041

LUCKNOW MUNICIPAL CORPORATION SR D 8.50 BD 18NV27 FVRS142900

Lucknow Municipal Corporation is a public-sector (PSU) issuer in the Utilities sector. This directory lists 5 of its bonds.

Key terms

Issue date
18 Nov 2020
Instrument
Bonds
Mode of issue
Private Placement
Series
SERIES D
Sector
Utilities
Issuer type
PSU

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

Brickwork AA / StableIndia Ratings AA / Stable

AAmost conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AA-grade bonds are judged to have a very strong capacity to repay, only marginally weaker than AAA. They are considered high safety, with low sensitivity to adverse business or economic conditions. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: BWR AA/Stable;IND AA/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 8.66% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

14 scheduled payments through 18 Nov 2027; final payment ₹1,48,973 per bond.

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