8.75% State Bank Of India - AA Rated (INE062A08215)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08215, with a face value of ₹10,00,000 rs on 30Aug19 to raise 3104.8 crores. The debt instrument is issued with a coupon rate of 8.75% 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 8.75% UNSECURED RATED LISTED NON CONVERTIBLE PERPETUAL TAXABLE SUBORDINATED BASEL III COMPLIANT ADDITIONAL TIER 1 BONDS IN THE NATURE OF DEBENTURES. SERIES I. 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 04Sep19 & on BSE stock exchange on 06Sep19. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 06Aug19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.