7.14% Bank Of India - AA Rated (INE084A08151)

Bank Of India, a Finance company, has floated Bond, having ISIN value as INE084A08151, with a face value of ₹1,00,00,000 rs on 30Sep21 to raise 1800 crores. The debt instrument is issued with a coupon rate of 7.14% 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 7.14% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE BASEL III TIRE II BONDS IN THE NATURE OF DEBENTURES. SERIES XV.DATE OF MATURITY 30/09/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 01Oct21. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 21Sep21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.