11.25% Idbi Bank Limited - AA Rated (INE008A08Q98)

Idbi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE008A08Q98, with a face value of ₹10,00,000 rs on 14Mar09 to raise 2 crores. The debt instrument is issued with a coupon rate of 11.25% 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 11.25% Unsecured Non Convertible OMNI bonds 2008-2009 Series XVII. .Date of maturity: 14/03/2029. 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 13May09 & on NSE stock exchange on 02Jun09. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 23Jul19. This issuer is formerly known as IDBI LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.