10.50% Idfc First Bank Limited - AA Rated (INE688I08145)

Idfc First Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE688I08145, with a face value of ₹10,00,000 rs on 01Mar16 to raise 60 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid Quarterly. 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 10.50% UNSECURED REDEEMABLE NON CONVERTIBLE PERPETUAL DEBENTURES. SERIES 5.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 22Feb19 & on NSE stock exchange on 22Feb19. CARE Ratings Limited has given AA+ rating to this Debenture on 01Mar16. 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.