National Bank for Agriculture and Rural Development 7.62% 2028 Bond

ISININE261F08DV4

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23I 7.62 LOA 31JN28 FVRS1LAC

National Bank for Agriculture and Rural Development is a public-sector (PSU) issuer in the Financial Institution sector. This directory lists 110 of its bonds.

Key terms

Issue date: 16 Jan 2023
Interest basis: Simple
Instrument: Debentures
Mode of issue: Private Placement (EBP)
Series: I
Sector: Financial Institution
Issuer type: PSU
Issuer nature: Bank

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

What the rating means

CRISIL AAA / StableICRA AAA / Stable

AAAmost 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.

AAA is the highest rating an Indian agency assigns. It signals the strongest assessed capacity to pay interest and principal on time: the agency sees the risk of default as the lowest it recognises. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: CRISIL AAA/Stable;ICRA AAA/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 7.57% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

6 scheduled payments through 31 Jan 2028; final payment ₹1,07,620 per bond.

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Key terms

What the rating means

Price, yield & cashflows

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