7.74% State Bank Of India - AA Rated (INE062A08249)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08249, with a face value of ₹10,00,000 rs on 09Sep20 to raise 4000 crores. The debt instrument is issued with a coupon rate of 7.74% 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 7.74% 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 BSE stock exchange on 14Sep20 & on NSE stock exchange on 11Sep20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 26Aug20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.