9.20% Central Bank Of India - AA Rated (INE483A08031)

Central Bank Of India, a Finance company, has floated Bond, having ISIN value as INE483A08031, with a face value of ₹10,00,000 rs on 20Mar20 to raise 500 crores. The debt instrument is issued with a coupon rate of 9.20% 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 9.20% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE TAXABLE BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENTURE. SERIES V. LETTER OF ALLOTMENT. DATE OF MATURITY 20/05/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 08Apr20. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Bond on 04Mar20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.