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8.57% Idbi Bank Limited - AA Rated (INE008A08S88)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE008A08S88
Face value
₹10,00,000
Coupon rate
8.57%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
302
Instrument Type
Bond
Returns
High
Date of Issue
08 Jul 2010
Maturity Date
07 Aug 2025
Perpetual
Yes
Listing Status
Listed
Rating status
AA (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2-Lower
Guarantee Type
Non Convertible
About this Bond
IDBI BANK LIMITED 8.57 BD 08JL25 FVRS10LAC
Idbi Bank Limited, a Finance company, has floated Bond,
having ISIN value as INE008A08S88, with a face value of ₹10,00,000 rs on 08Jul10 to raise 302 crores. The debt instrument
is issued with a coupon rate of 8.57% 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 8.57% Unsecured Non-Convertible Omni Bonds 2010-11 Tire II Series II Date of Maturity 08/07/2025. 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 27Jul10 & on BSE stock exchange on 28Jul10. CRISIL RATINGS LIMITED has given AA rating to
this Bond on 10May10. 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.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
08-Jul-10 : Your investment
₹85,70,000
08-Jul-11 : Interest
₹85,70,000
08-Jul-12 : Interest
₹85,70,000
08-Jul-13 : Interest
₹85,70,000
08-Jul-14 : Interest
₹85,70,000
08-Jul-15 : Interest
₹85,70,000
08-Jul-16 : Interest
₹85,70,000
08-Jul-17 : Interest
₹85,70,000
08-Jul-18 : Interest
₹85,70,000
08-Jul-19 : Interest
₹85,70,000
08-Jul-20 : Interest
₹85,70,000
08-Jul-21 : Interest
₹85,70,000
08-Jul-22 : Interest
₹85,70,000
08-Jul-23 : Interest
₹85,70,000
08-Jul-24 : Interest
₹85,70,000
08-Jul-25 : Interest
₹22,85,50,000
07-Aug-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹12,85,50,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.57%
Returns
High
Bond Rating
AA
Seniority in Repayment
Subordinate Tier 2-Lower
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Finance
HEAD OFFICE
Mumbai
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of Idbi Bank Limited
FAQs about INE008A08S88 issued by Idbi Bank Limited
What is the instrument name of INE008A08S88 ISIN?
The instrument name of INE008A08S88 ISIN is IDBI BANK LIMITED 8.57 BD 08JL25 FVRS10LAC.
How frequently is the interest paid on INE008A08S88 bond issued by Idbi Bank Limited?
The interest earned from INE008A08S88 bond issued by Idbi Bank Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE008A08S88 bond issued by Idbi Bank Limited?
This INE008A08S88 bond issued by Idbi Bank Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE008A08S88 bond issued by Idbi Bank Limited?
This Bond offers a coupon rate of 8.57%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE008A08S88 Bond?
The INE008A08S88 Bond is issued by Idbi 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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