8.40% Canara Bank - AA Rated (INE476A08126)

Canara Bank, a Public Sector Bank company, has floated Bond, having ISIN value as INE476A08126, with a face value of ₹1,00,00,000 rs on 25Oct21 to raise 1500 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.40% UNSECURED RATED LISTED NON CONVERTIBLE PERPETUAL BASEL III ADDITIONAL TIER I FULLY PAID UP BOND 2021-22.SERIES I LETTER OF ALLOTMENT. 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 26Oct21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 07Jan21. 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.