8.40% State Bank Of India - AAA Rated (INE649A08029)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE649A08029, with a face value of ₹10,00,000 rs on 30Dec15 to raise 500 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.4% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. SERIES XV.LETTER OF ALLOTMENT. DATE OF MATURITY 30/12/2025. 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 14Jan16. CARE Ratings Limited has given AAA rating to this Bond on 30Dec15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.