9.80% Bank Of India - AA Rated (INE084A08037)

Bank Of India, a Finance company, has floated Debenture, having ISIN value as INE084A08037, with a face value of ₹10,00,000 rs on 25Sep13 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 REDEEMABLE NON-CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. SERIES X. LETTER OF ALLOTMENT. DATE OF MATURITY 25/09/2023. This instrument is issued in Bonus mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 04Oct13 & on NSE stock exchange on 04Oct13. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 09Mar16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.