7.84% Hdfc Bank Limited - AA Rated (INE040A08419)

Hdfc Bank Limited, a Private Sector Bank company, has floated Bond, having ISIN value as INE040A08419, with a face value of ₹1,00,00,000 rs on 08Sep22 to raise 3000 crores. The debt instrument is issued with a coupon rate of 7.84% 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 7.84% UNSECURED RATED LISTED ADDITIONAL TIER 1 NON CONVERTIBLE PERPETUAL BOND IN THE NATURE OF DEBENTURE. SERIES 1/2022-23.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 09Sep22 & on NSE stock exchange on 09Sep22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 22Mar22. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.