6.24% State Bank Of India - AAA Rated (INE062A08256)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08256, with a face value of ₹10,00,000 rs on 21Sep20 to raise 7000 crores. The debt instrument is issued with a coupon rate of 6.24% 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 6.24% UNSECURED LISTED RATED NON CONVERTIBLE TAXABLE REDEEMABLE SUBORDINATED FULLY PAID UP BASEL III COMPLAINT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES II. DATE OF MATURITY 21/09/2030.. 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 23Sep20 & on BSE stock exchange on 24Sep20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 11Sep20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.