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9.85% Dcb Bank Limited - A Rated (INE503A08036)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE503A08036
Face value
₹1,00,000
Coupon rate
9.85%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
300
Instrument Type
Bond
Returns
High
Date of Issue
17 Nov 2017
Maturity Date
17 Nov 2027
Perpetual
Yes
Listing Status
Listed
Rating status
A+ (ICRA Ratings)
Call Option
Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
DCB BANK LIMITED 9.85 LOA 17NV27 FVRS1LAC
Dcb Bank Limited, a Private Sector Bank company, has floated Bond,
having ISIN value as INE503A08036, with a face value of ₹1,00,000 rs on 17Nov17 to raise 300 crores. The debt instrument
is issued with a coupon rate of 9.85% and its interest is paid
Semi 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 9.85% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 17/11/2027. 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 21Nov17. ICRA LIMITED has given A+ rating to
this Bond on 21Feb23. This issuer is formerly known as DEVELOPMENT CREDIT BANK LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000
Cashflow
₹1,00,00,000
17-Nov-17 : Your investment
₹4,92,500
17-May-18 : Interest
₹4,92,500
17-Nov-18 : Interest
₹4,92,500
17-May-19 : Interest
₹4,92,500
17-Nov-19 : Interest
₹4,92,500
17-May-20 : Interest
₹4,92,500
17-Nov-20 : Interest
₹4,92,500
17-May-21 : Interest
₹4,92,500
17-Nov-21 : Interest
₹4,92,500
17-May-22 : Interest
₹4,92,500
17-Nov-22 : Interest
₹4,92,500
17-May-23 : Interest
₹4,92,500
17-Nov-23 : Interest
₹4,92,500
17-May-24 : Interest
₹4,92,500
17-Nov-24 : Interest
₹4,92,500
17-May-25 : Interest
₹4,92,500
17-Nov-25 : Interest
₹4,92,500
17-May-26 : Interest
₹4,92,500
17-Nov-26 : Interest
₹4,92,500
17-May-27 : Interest
₹4,92,500
17-Nov-27 : Interest
₹1,98,50,000
17-Nov-27 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹98,50,000)
Summary
Instrument Attributes
Value
Coupon Rate
9.85%
Returns
High
Bond Rating
A+
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Private Sector Bank
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Dcb Bank Limited
FAQs about INE503A08036 issued by Dcb Bank Limited
What is the instrument name of INE503A08036 ISIN?
The instrument name of INE503A08036 ISIN is DCB BANK LIMITED 9.85 LOA 17NV27 FVRS1LAC.
How frequently is the interest paid on INE503A08036 bond issued by Dcb Bank Limited?
The interest earned from INE503A08036 bond issued by Dcb Bank Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE503A08036 bond issued by Dcb Bank Limited?
This INE503A08036 bond issued by Dcb Bank Limited has been assigned a credit rating of A+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE503A08036 bond issued by Dcb Bank Limited?
This Bond offers a coupon rate of 9.85%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE503A08036 Bond?
The INE503A08036 Bond is issued by Dcb Bank Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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