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Instrument Details

ISIN: INE160A08068

Face value

₹10,00,000

Coupon rate

8.23%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Bond

Returns

High

Date of Issue

09 Feb 2015

Maturity Date

02 Sep 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

PUNJAB NATIONAL BANK SR-I 8.23 BD 09FB25 FVRS10LAC LOA UTPO 07MR15
Punjab National Bank, a Finance company, has floated Bond, having ISIN value as INE160A08068, with a face value of ₹10,00,000 rs on 09Feb15 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.23% 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 8.23% UNSECURED REDEEMABLE NON CONVERTIBLE LONG TERM BONDS IN THE NATURE OF DEBENTURE. SERIES I. LETTER OF ALLOTMENT. DATE OF MATURITY 09/02/2025. 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 20Feb15. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 04Sep19. This issuer is formerly known as PUNJAB NATIONAL BANK LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
15 Sep 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Unsecured
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
09-Feb-15 : Your investment
₹82,30,000
09-Feb-16 : Interest
₹82,30,000
09-Feb-17 : Interest
₹82,30,000
09-Feb-18 : Interest
₹82,30,000
09-Feb-19 : Interest
₹82,30,000
09-Feb-20 : Interest
₹82,30,000
09-Feb-21 : Interest
₹82,30,000
09-Feb-22 : Interest
₹82,30,000
09-Feb-23 : Interest
₹82,30,000
09-Feb-24 : Interest
₹82,30,000
09-Feb-25 : Interest
₹46,89,972
02-Sep-25 : Interest
₹18,69,89,972
02-Sep-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,69,89,972)

Summary

Instrument Attributes

Value

Coupon Rate

8.23%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE160A08068 issued by Punjab National Bank

The instrument name of INE160A08068 ISIN is PUNJAB NATIONAL BANK SR-I 8.23 BD 09FB25 FVRS10LAC LOA UTPO 07MR15.
The interest earned from INE160A08068 bond issued by Punjab National Bank is paid Annually, ensuring regular and consistent income for investors.
This INE160A08068 bond issued by Punjab National Bank has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.23%, which determines the periodic interest payments made to bondholders.
The INE160A08068 Bond is issued by Punjab National Bank, a PSU company.
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