8.60% Bank Of Baroda - AAA Rated (INE028A08141)

Bank Of Baroda, a Public Sector Bank company, has floated Bond, having ISIN value as INE028A08141, with a face value of ₹10,00,000 rs on 10Jan19 to raise 285 crores. The debt instrument is issued with a coupon rate of 8.60% 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 8.60% UNSECURED, SUBORDINATED, NON CONVERTIBLE, FULLY PAID UP , TAXABLE REDEEMABLE BASEL III COMPLIANT TIER II BONDS. SERIES XX. DATE OF MATURITY 10/01/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 15Jan19 & on NSE stock exchange on 14Jan19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 06Sep19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.