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8.29% State Bank Of India - AAA Rated (INE652A08015)
ActivePSUUnsecured
Instrument Details
ISIN: INE652A08015
Face value
₹10,00,000
Coupon rate
8.29%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
950
Instrument Type
Bond
Returns
High
Date of Issue
22 Jan 2015
Maturity Date
22 Jan 2025
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CARE Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
STATE BANK OF INDIA SR-I 8.29 NCD 22JN25 FVRS10LAC LOAUPTO 21JN15
State Bank Of India, a Public Sector Bank company, has floated Bond,
having ISIN value as INE652A08015, with a face value of ₹10,00,000 rs on 22Jan15 to raise 950 crores. The debt instrument
is issued with a coupon rate of 8.29% 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 8.29% UNSECURED REDEEMABLE BASEL III COMPLIANT TIER II BONDS.SERIES I.LETTER OF ALLOTMENT. DATE OF MATURITY 22/01/2025. 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 02Feb15 & on NSE stock exchange on 02Feb15. CARE Ratings Limited has given AAA rating to
this Bond on 22Jan15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
22-Jan-15 : Your investment
₹82,90,000
22-Jan-16 : Interest
₹82,90,000
22-Jan-17 : Interest
₹82,90,000
22-Jan-18 : Interest
₹82,90,000
22-Jan-19 : Interest
₹82,90,000
22-Jan-20 : Interest
₹82,90,000
22-Jan-21 : Interest
₹82,90,000
22-Jan-22 : Interest
₹82,90,000
22-Jan-23 : Interest
₹82,90,000
22-Jan-24 : Interest
₹82,90,000
22-Jan-25 : Interest
₹18,29,00,000
22-Jan-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,29,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.29%
Returns
High
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Public Sector Bank
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
PSU
Other Bonds of State Bank Of India
FAQs about INE652A08015 issued by State Bank Of India
What is the instrument name of INE652A08015 ISIN?
The instrument name of INE652A08015 ISIN is STATE BANK OF INDIA SR-I 8.29 NCD 22JN25 FVRS10LAC LOAUPTO 21JN15.
How frequently is the interest paid on INE652A08015 bond issued by State Bank Of India?
The interest earned from INE652A08015 bond issued by State Bank Of India is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE652A08015 bond issued by State Bank Of India?
This INE652A08015 bond issued by State Bank Of India has been assigned a credit rating of AAA by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE652A08015 bond issued by State Bank Of India?
This Bond offers a coupon rate of 8.29%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE652A08015 Bond?
The INE652A08015 Bond is issued by State Bank Of India, a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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