UP POWER CORPORATION LIMITED Coupon 8.48% | State Govt Guaranteed Bond

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Earn 11.27% p.a

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

2Y 4M 9Days

Payment Terms

Quarterly

Highlights

Credit Rating

BWR AA/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

UP POWER CORPORATION LIMITED

Uttar Pradesh Power Corporation Limited (UPPCL) was set up on 30th November 1999. It is headquartered in Lucknow. It is responsible for the transmission, distribution, and supply of electricity in the state of Uttar Pradesh. Arvind Kumar (IAS) is the present Chairman of UPPCL. In the year 2019 company's recorded revenue of 55327.04 crores.

Agencies under the administrative control of UPPCL are:

Dakshinanchal Vidyut Vitaran Nigam Limited (DVVNL) - Agra Zone DISCOM

Madhyanchal Vidyut Vitaran Nigam Limited (MVVNL) - Lucknow Zone DISCOM

Pashchimanchal Vidyut Vitaran Nigam Limited (PVVNL) - Meerut Zone DISCOM

Purvanchal Vidyut Vitaran Nigam Limited (PUVVNL) - Varanasi Zone DISCOM

Kanpur Electricity Supply Company (KESCO) - Kanpur City DISCOM

In association with Power Finance Corporation, UPPCL has formed two Special Purpose Vehicles.

Bara Thermal Power Project, Prayagraj Power Generation Company Limited

Karchana Thermal Power Station, Sangam Power Generation Company Limited )

Total Annual Revenue

67865 Cr (FY 2020-21)

Year of Inception

1999

Industry

State Govt Backed

Head Office

Lucknow

Type of Issuer

PSU

Current MD/CEO

Shri Arvind Kumar

Credit Rating / Outlook

AA STABLE

BWR

Rating Rationale

Rating Date: 01-Mar-2017

AA STABLE

IND

Rating Rationale

Rating Date: 21-Jun-2024

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

UP POWER CORPORATION LIMITED

Security Name

8.48% UP POWER CORPORATION LIMITED Secured Rated Listed NCD Maturity 14-Mar-2027

ISIN

Copy

INE540P07178

Face Value

₹ 10,00,000

Coupon Rate

8.48%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

14-Mar-2027

Clean Price

₹ 101.09

Dirty Price

Current Yield

8.3886%

Yield to Maturity

8.1117%

Mode of Issue

Private Placement

Date of Issue

27-Mar-2017

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Vistra ITCL (India) Limited

The IL and FS Financial Centre, Plot C- 22, G Block, 7th Floor, Bandra Kurla Complex, Bandra (East),Mumbai 400051, Maharashtra

Registrar Details

RCMC Share Registry Pvt Limited

B-106, Sector - 2 Noida 201301

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: RCMC Share Registry Pvt Limited B-106, Sector - 2 Noida 201301

This bond is
currently out of stock

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FAQs about UP Power Corporation Ltd bonds

How to buy this UP Power Corporation Ltd bond online?

You can invest in bonds online in under 5 minutes. To buy UP Power Corporation Ltd bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this UP Power Corporation Ltd bond?

8.1117% is the current yield of this UP Power Corporation Ltd bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this UP Power Corporation Ltd bond is 8.1117%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this UP Power Corporation Ltd bond?

To redeem this UP Power Corporation Ltd bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this UP Power Corporation Ltd bond is generally simple and straightforward. Contact our support team for more information.

Is this UP Power Corporation Ltd bond tax-free?

No, this UP Power Corporation Ltd bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this UP Power Corporation Ltd bond before the maturity date?

Yes, it is possible to sell this UP Power Corporation Ltd bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

About Issuer

UP POWER CORPORATION LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this UP Power Corporation Ltd bond online?

What is the yield of this UP Power Corporation Ltd bond?

Is it safe to invest in bonds?

How to redeem this UP Power Corporation Ltd bond?

Is this UP Power Corporation Ltd bond tax-free?

Can I sell this UP Power Corporation Ltd bond before the maturity date?

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Note to Investors

Filling complaints on SMARTODR & SCORES - Easy & Quick

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