10.50% The Jammu And Kashmir Bank Limited - A Rated (INE168A08061)

The Jammu And Kashmir Bank Limited, a Private Sector Bank company, has floated Bond, having ISIN value as INE168A08061, with a face value of ₹10,00,000 rs on 14Jun18 to raise 1000 crores. The debt instrument is issued with a coupon rate of 10.50% 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 Bond is 10.50% UNSECURED LISTED REDEEMBALE NON CONVERTIBLE BASEL III COMPLIANT TIER 1 PERPETUAL BONDS IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT.. This instrument is issued in Private Placement mode. It has Simple coupon type with Not Applicable option. The Bond is listed on BSE stock exchange on 03Jul18. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A rating to this Bond on 11Jun18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.