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8.90% Indian Bank - AAA Rated (INE562A08024)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE562A08024
Face value
₹10,00,000
Coupon rate
8.90%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
290
Instrument Type
Bond
Returns
High
Date of Issue
30 Oct 2018
Maturity Date
30 Oct 2028
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CRISIL Ratings)
Call Option
Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
INDIAN BANK 8.9 BD 30OT28 FVRS10LAC
Indian Bank, a Finance company, has floated Bond,
having ISIN value as INE562A08024, with a face value of ₹10,00,000 rs on 30Oct18 to raise 290 crores. The debt instrument
is issued with a coupon rate of 8.90% 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 8.90% RATED UNSECURED LISTED REDEEMABLE NON CONVERTIBLE BOND. DATE OF MATURITY 30/10/2028.. 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 14Nov18. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 22Oct18. 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
30-Oct-18 : Your investment
₹89,00,000
30-Oct-19 : Interest
₹89,00,000
30-Oct-20 : Interest
₹89,00,000
30-Oct-21 : Interest
₹89,00,000
30-Oct-22 : Interest
₹89,00,000
30-Oct-23 : Interest
₹89,00,000
30-Oct-24 : Interest
₹89,00,000
30-Oct-25 : Interest
₹89,00,000
30-Oct-26 : Interest
₹89,00,000
30-Oct-27 : Interest
₹89,00,000
30-Oct-28 : Interest
₹18,90,00,000
30-Oct-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,90,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.90%
Returns
High
Bond Rating
AAA
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Finance
HEAD OFFICE
Chennai
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of Indian Bank
FAQs about INE562A08024 issued by Indian Bank
What is the instrument name of INE562A08024 ISIN?
The instrument name of INE562A08024 ISIN is INDIAN BANK 8.9 BD 30OT28 FVRS10LAC.
How frequently is the interest paid on INE562A08024 bond issued by Indian Bank?
The interest earned from INE562A08024 bond issued by Indian Bank is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE562A08024 bond issued by Indian Bank?
This INE562A08024 bond issued by Indian Bank has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE562A08024 bond issued by Indian Bank?
This Bond offers a coupon rate of 8.9%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE562A08024 Bond?
The INE562A08024 Bond is issued by Indian Bank, 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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