9.30% Bank Of India - AA Rated (INE084A08144)

Bank Of India, a Finance company, has floated Bond, having ISIN value as INE084A08144, with a face value of ₹10,00,000 rs on 30Mar21 to raise 602 crores. The debt instrument is issued with a coupon rate of 9.30% 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 9.30% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE BASEL III COMPLIANT TIER 1 PERPETUAL BONDS IN THE NATURE OF DEBENTURES. SERIES VII.. 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 30Mar21. CRISIL RATINGS LIMITED has given AA rating to this Bond on 03Mar21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.