8.40% State Bank Of India - AAA Rated (INE651A08041)

State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE651A08041, with a face value of ₹10,00,000 rs on 31Dec15 to raise 300 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 IN THE NATURE OF DEBENTURES. SERIES I. DATE OF MATURITY 31/12/2025. 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 06Jan16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 22Dec15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.