8.50% Bank Of Baroda - AA Rated (INE028A08224)

Bank Of Baroda, a Public Sector Bank company, has floated Bond, having ISIN value as INE028A08224, with a face value of ₹10,00,000 rs on 28Jul20 to raise 981 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE FULLY PAID UP BASEL III ADDITIONAL TIER 1 PERPETUAL BONDS. SERIES XIII.. 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 04Aug20 & on BSE stock exchange on 04Aug20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 09Jul20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.