9.50% Idfc First Bank Limited - AA Rated (INE688I08053)

Idfc First Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE688I08053, with a face value of ₹10,00,000 rs on 17May13 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.50% 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 Debenture is 9.5% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES (TIER II). SERIES 3.DATE OF MATURITY 17/05/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 04Jun13 & on BSE stock exchange on 15Feb19. CARE Ratings Limited has given AA+ rating to this Debenture on 17May13. 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.