7.72% State Bank Of India - AA Rated (INE062A08280)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08280, with a face value of ₹1,00,00,000 rs on 03Sep21 to raise 4000 crores. The debt instrument is issued with a coupon rate of 7.72% 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 7.72% UNSECURED RATED LISTED ADDITIONAL TIER 1 NON CONVERTIBLE BOND IN THE NATURE OF DEBENTURE PERPETUAL SERIES I.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 06Sep21 & on BSE stock exchange on 08Sep21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 23Aug21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.