8.30% Canara Bank - AA Rated (INE476A08118)

Canara Bank, a Public Sector Bank company, has floated Bond, having ISIN value as INE476A08118, with a face value of ₹10,00,000 rs on 02Feb21 to raise 120 crores. The debt instrument is issued with a coupon rate of 8.30% 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 8.30% UNSECURED RATED LISTED NON CONVERTIBLE PERPETUAL BASEL III ADDITIONAL TIER I FULLY PAID UP BOND 2020-21. SERIES IV. LETTER OF ALLOTMENT.. 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 02Feb21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 22Dec20. This issuer is formerly known as CANARA BANK LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.