6.80% State Bank Of India - AAA Rated (INE062A08231)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08231, with a face value of ₹10,00,000 rs on 21Aug20 to raise 8931 crores. The debt instrument is issued with a coupon rate of 6.80% 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 6.80% UNSECURED RATED LISTED NON CONVERTIBLE REDEEMABLE FULLY PAID UP SUBORDINATED BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENTURE. SERIES I. DATE OF MATURITY: 21/08/2035. 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 26Aug20 & on NSE stock exchange on 27Aug20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 11Aug20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.