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9.08% Indian Overseas Bank - AA Rated (INE565A08035)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE565A08035
Face value
₹10,00,000
Coupon rate
9.08%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
500
Instrument Type
Bond
Returns
High
Date of Issue
24 Sep 2019
Maturity Date
24 Sep 2029
Perpetual
Yes
Listing Status
Listed
Rating status
AA- (INDIA Ratings)
Call Option
Not 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 OVERSEAS BANK SR III 9.0802 BD 24SP29 FVRS10LAC
Indian Overseas Bank, a Finance company, has floated Bond,
having ISIN value as INE565A08035, with a face value of ₹10,00,000 rs on 24Sep19 to raise 500 crores. The debt instrument
is issued with a coupon rate of 9.08% 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 9.0802% UNSECURED RATED LISTED NON CONVERTIBLE BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENATURE. SERIES III. DATE OF MATURITY 24/09/2029. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on BSE stock
exchange on 09Oct19. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to
this Bond on 08Aug19. 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
24-Sep-19 : Your investment
₹90,80,000
24-Sep-20 : Interest
₹90,80,000
24-Sep-21 : Interest
₹90,80,000
24-Sep-22 : Interest
₹90,80,000
24-Sep-23 : Interest
₹90,80,000
24-Sep-24 : Interest
₹90,80,000
24-Sep-25 : Interest
₹90,80,000
24-Sep-26 : Interest
₹90,80,000
24-Sep-27 : Interest
₹90,80,000
24-Sep-28 : Interest
₹90,80,000
24-Sep-29 : Interest
₹19,08,00,000
24-Sep-29 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,08,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
9.08%
Returns
High
Bond Rating
AA-
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 Overseas Bank
FAQs about INE565A08035 issued by Indian Overseas Bank
What is the instrument name of INE565A08035 ISIN?
The instrument name of INE565A08035 ISIN is INDIAN OVERSEAS BANK SR III 9.0802 BD 24SP29 FVRS10LAC.
How frequently is the interest paid on INE565A08035 bond issued by Indian Overseas Bank?
The interest earned from INE565A08035 bond issued by Indian Overseas Bank is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE565A08035 bond issued by Indian Overseas Bank?
This INE565A08035 bond issued by Indian Overseas Bank has been assigned a credit rating of AA- by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE565A08035 bond issued by Indian Overseas Bank?
This Bond offers a coupon rate of 9.08%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE565A08035 Bond?
The INE565A08035 Bond is issued by Indian Overseas 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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