8.73% Idbi Bank Limited - AA Rated (INE008A08U92)

Idbi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE008A08U92, with a face value of ₹10,00,000 rs on 21Jan15 to raise 3000 crores. The debt instrument is issued with a coupon rate of 8.73% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 8.725% UNSECURED REDEEMABLE NON CONVERTIBLE LONG TERM BONDS IN THE NATURE OF DEBENTURES. SERIES 2014-15 III. DATE OF MATURITY 21/01/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 29Jan15 & on BSE stock exchange on 02Feb15. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 26Jul21. This issuer is formerly known as IDBI LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.