Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place is an Indian bond issuer (formerly Visakhapatnam Municipal Corporation) with one outstanding bond (ISIN) recorded on this page. The bond has ISIN INE423G07051 and is a bond (ncd). It carries a stated coupon of 10% a year, paid half-yearly, matures on 21 Dec 2028 and had an issue size of ₹80.00 crore. NSDL records it as secured. Latest credit ratings on record: India Ratings AA (Stable) (action dated 25 Jun 2026); CARE AA (Stable) (action dated 26 Dec 2025). Verify current terms against the official documents linked on this page.
Data as of 29 Oct 2026 · How this page is compiled
Issuer overview
- Legal name
- Greater Visakhapatnam Municipal Corporation
- Formerly
- Visakhapatnam Municipal Corporation
- CIN
- U74900AP2016PLC098495
- Business
- Others
- ISIN issuer code
- INE423G
- Outstanding bonds (ISINs)
- 1
- Stated coupons (fixed rate)
- 10%
- Maturity dates
- 21 Dec 2028
- Secured (NSDL)
- 1 of 1
- Combined issue size of outstanding bonds
- ₹80.00 crore
Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.
Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bonds: ISIN, coupon and maturity
1 outstanding bond, by maturity date.
| ISIN | Type | Coupon | Interest paid | Allotted | Maturity | Face value | Issue size (₹ cr) | Security | Guarantee | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|---|---|
| INE423G07051 | Bond (NCD) | 10% | Half-yearly | 21 Dec 2018 | 21 Dec 2028 | ₹10,00,000 | 80.00 | Secured | None recorded | India Ratings AA 25 Jun 2026 |
- Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
- Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
- "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
- Prices and yields are not shown. They change with every trade: see BSE and NSE.
Private placements and disclosure documents
| Allotted | ISIN | Redemption | Disclosure documents |
|---|---|---|---|
| 21 Dec 2018 | INE423G07051 | 21 Dec 2028 | Placement memorandum on BSE |
From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.
Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bonds: questions and answers
What bonds has Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place issued?
Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place has one outstanding bond recorded on this page. By type, as described by NSDL: 1 bond (ncd).
What is the ISIN of the Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bond?
The bond recorded on this page has ISIN INE423G07051. Indian ISINs of the same issuer share the first seven characters (INE423G), the issuer code.
What is the coupon rate on the Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bond?
Bond INE423G07051 carries a stated coupon of 10% a year, paid half-yearly, according to NSDL India Bond Info. The coupon is not the yield: the yield an investor earns depends on the price paid.
When does the Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bond mature?
Bond INE423G07051 has a maturity date of 21 Dec 2028. It was allotted on 21 Dec 2018.
What is the latest credit rating of Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bonds?
NSDL India Bond Info records India Ratings AA (Stable) (action dated 25 Jun 2026); CARE AA (Stable) (action dated 26 Dec 2025) on its outstanding bonds. Checked on NSDL on 28 Oct 2026. A rating is the agency's opinion and can change at any time.
Is the Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bond secured, unsecured or guaranteed?
NSDL records bond INE423G07051 as secured and not guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.
Is Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place the same company as Visakhapatnam Municipal Corporation?
Yes. Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place was formerly known as Visakhapatnam Municipal Corporation; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U74900AP2016PLC098495.
Where can investors find the original disclosure documents for Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bonds?
Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.
How can investors check the current market price or yield of Greater Visakhapatnam Municipal CorporationSecured Taxable Non-Convertible Redeemable Debentures issued on private place bonds?
This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.
Sources and dates
- NSDL India Bond Info: bond terms, issuer identity and ratings by ISIN
- BSE and NSE: bonds that have traded, and their exchange listings
- BSE: privately placed debt securities
- Methodology: how these pages are compiled and checked
Data as of 29 Oct 2026. Facts on this page last changed on 29 Oct 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
