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8.62% Idbi Bank Limited - AA Rated (INE008A08V00)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE008A08V00
Face value
₹10,00,000
Coupon rate
8.62%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
1000
Instrument Type
Bond
Returns
High
Date of Issue
31 Dec 2015
Maturity Date
31 Dec 2030
Perpetual
Yes
Listing Status
Listed
Rating status
AA (INDIA Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
IDBI BANK LIMITED SR-I 8.62 BD 31dc30 FVRS10LAC
Idbi Bank Limited, a Finance company, has floated Bond,
having ISIN value as INE008A08V00, with a face value of ₹10,00,000 rs on 31Dec15 to raise 1000 crores. The debt instrument
is issued with a coupon rate of 8.62% 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 8.62% UNSECURED OMNI BONDS TIER II 2015-16 SERIES I. DATE OF MATURITY 31/12/2030.. 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 13Jan16 & on NSE stock exchange on 08Jan16. 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.
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
31-Dec-15 : Your investment
₹86,20,000
31-Dec-16 : Interest
₹86,20,000
31-Dec-17 : Interest
₹86,20,000
31-Dec-18 : Interest
₹86,20,000
31-Dec-19 : Interest
₹86,20,000
31-Dec-20 : Interest
₹86,20,000
31-Dec-21 : Interest
₹86,20,000
31-Dec-22 : Interest
₹86,20,000
31-Dec-23 : Interest
₹86,20,000
31-Dec-24 : Interest
₹86,20,000
31-Dec-25 : Interest
₹86,20,000
31-Dec-26 : Interest
₹86,20,000
31-Dec-27 : Interest
₹86,20,000
31-Dec-28 : Interest
₹86,20,000
31-Dec-29 : Interest
₹86,20,000
31-Dec-30 : Interest
₹22,93,00,000
31-Dec-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹12,93,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.62%
Returns
High
Bond Rating
AA
Seniority in Repayment
Senior
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 INE008A08V00 issued by Idbi Bank Limited
What is the instrument name of INE008A08V00 ISIN?
The instrument name of INE008A08V00 ISIN is IDBI BANK LIMITED SR-I 8.62 BD 31dc30 FVRS10LAC.
How frequently is the interest paid on INE008A08V00 bond issued by Idbi Bank Limited?
The interest earned from INE008A08V00 bond issued by Idbi Bank Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE008A08V00 bond issued by Idbi Bank Limited?
This INE008A08V00 bond issued by Idbi Bank Limited has been assigned a credit rating of AA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE008A08V00 bond issued by Idbi Bank Limited?
This Bond offers a coupon rate of 8.62%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE008A08V00 Bond?
The INE008A08V00 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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