9.80% Bank Of Baroda - AAA Rated (INE028A08042)

Bank Of Baroda, a Public Sector Bank company, has floated Debenture, having ISIN value as INE028A08042, with a face value of ₹10,00,000 rs on 01Nov13 to raise 1000 crores. The debt instrument is issued with a coupon rate of 9.80% 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 Debenture is 9.80% UNSECURED NON - CONVERTIBLE REDEEMABLE BASEL III COMPLIANT TIER 2 BONDS SERIES XVI FOR INCLUSION IN TIER 2 CAPITAL IN NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 01/11/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 06Nov13 & on BSE stock exchange on 07Nov13. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 30Oct13. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.