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8.85% Indian Bank - AAA Rated (INE562A08032)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE562A08032
Face value
₹10,00,000
Coupon rate
8.85%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
110
Instrument Type
Bond
Returns
High
Date of Issue
06 Nov 2018
Maturity Date
11 Jun 2028
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CRISIL Ratings)
Call Option
Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
INDIAN BANK SERIES TR - B 8.85 BD 06NV28 FVRS10LAC
Indian Bank, a Finance company, has floated Bond,
having ISIN value as INE562A08032, with a face value of ₹10,00,000 rs on 06Nov18 to raise 110 crores. The debt instrument
is issued with a coupon rate of 8.85% 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 Secured
Bond is 8.85 UNSECURED RATED LISTED BOND NON CONVERTIBLE BOND SERIES B. DATE OF MATURITY 06/11/2028. This instrument is issued in Private Placement mode. It has Simple coupon type
with Not Applicable option. The Bond is listed on NSE stock
exchange on 19Nov18. 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
06-Nov-18 : Your investment
₹88,50,000
06-Nov-19 : Interest
₹88,50,000
06-Nov-20 : Interest
₹88,50,000
06-Nov-21 : Interest
₹88,50,000
06-Nov-22 : Interest
₹88,50,000
06-Nov-23 : Interest
₹88,50,000
06-Nov-24 : Interest
₹88,50,000
06-Nov-25 : Interest
₹88,50,000
06-Nov-26 : Interest
₹88,50,000
06-Nov-27 : Interest
₹53,34,246
11-Jun-28 : Interest
₹18,49,84,246
11-Jun-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,49,84,246)
Summary
Instrument Attributes
Value
Coupon Rate
8.85%
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 INE562A08032 issued by Indian Bank
What is the instrument name of INE562A08032 ISIN?
The instrument name of INE562A08032 ISIN is INDIAN BANK SERIES TR - B 8.85 BD 06NV28 FVRS10LAC.
How frequently is the interest paid on INE562A08032 bond issued by Indian Bank?
The interest earned from INE562A08032 bond issued by Indian Bank is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE562A08032 bond issued by Indian Bank?
This INE562A08032 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 INE562A08032 bond issued by Indian Bank?
This Bond offers a coupon rate of 8.85%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE562A08032 Bond?
The INE562A08032 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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