9.37% State Bank Of India - AA Rated (INE062A08181)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08181, with a face value of ₹10,00,000 rs on 21Dec18 to raise 2045 crores. The debt instrument is issued with a coupon rate of 9.37% 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 9.37% UNSECURED NON CONVERTIBLE PERPETUAL SUBORDINATED BASEL III COMPLAINT TIER 1 BONDS IN THE NATURE OF DEBENTURES. SERIES II. 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 26Dec18 & on BSE stock exchange on 28Dec18. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 17Dec18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.