8.52% Bank Of India - AA Rated (INE084A08060)

Bank Of India, a Finance company, has floated Bond, having ISIN value as INE084A08060, with a face value of ₹10,00,000 rs on 31Dec15 to raise 3000 crores. The debt instrument is issued with a coupon rate of 8.52% 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 8.52% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES XII. DATE OF MATURITY 31/12/2025. 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 04Jan16 & on BSE stock exchange on 04Jan16. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 09Mar16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.