8.69% Idfc First Bank Limited - AA Rated (INE092T08EX8)

Idfc First Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE092T08EX8, with a face value of ₹10,00,000 rs on 12Dec18 to raise 349.4 crores. The debt instrument is issued with a coupon rate of 8.69% 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 Debenture is 8.687% UNSECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTUREDATE OF MATURITY 12/12/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AA+ rating to this Debenture on 12Dec18. This issuer is formerly known as IDFC BANK LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.