Announced Fri, 10 Jul · 12:42 IST
MTNL misses escrow funding for 7.59% Bond VIIIA interest due July 20
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹29.03
prior close
₹29.43
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.1-0.2—+1.0-1.7-2.0-0.6-3.2-3.7————
Up moveDown movePending
AI summary
MTNL could not fund the escrow account at Bank of India for the 6th semi-annual interest payment on its 7.59 percent Bond Series VIIIA (INE153A08154), due on July 20, 2026, due to insufficient funds. These bonds carry a sovereign guarantee from the Government of India, so if MTNL defaults, the Debenture Trustee will invoke the guarantee and GoI will pay bondholders. The filing underscores MTNL's ongoing financial stress while assuring bondholders are protected.
Likely market impact
Highlights MTNL's financial weakness. Bondholders are protected by GoI sovereign guarantee, but the development is negative for equity shareholders.