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Ahmedabad Municipal Corporation 7.9% 2029 Bond

ISININE117E08029

AHMEDABAD MUNICIPAL CORPORATION 7.90 BD 06FB29 FVRS1LAC

Ahmedabad Municipal Corporation is a listed issuer in the Multi Utilities sector. This directory lists 1 of its bond.

Key terms

Issue date
6 Feb 2024
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement (EBP)
Sector
Multi Utilities

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

What the rating means

India Ratings AA+ / StableCRISIL AA+ / Stable

AA+most 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: IND AA+/Stable;CRISIL 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 8.05% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 6 Feb 2029; final payment ₹1,03,950 per bond.

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