7.55% State Bank Of India - AA Rated (INE062A08306)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08306, with a face value of ₹1,00,00,000 rs on 14Dec21 to raise 3974 crores. The debt instrument is issued with a coupon rate of 7.55% 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 7.55% UNSECURED RATED LISTED PERPETUAL NON CONVERTIBLE DEBENTURE.SERIES III.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 15Dec21 & on NSE stock exchange on 16Dec21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 03Dec21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.