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Instrument Details

ISIN: INE07PX08019

Face value

₹1,00,00,000

Coupon rate

9.75%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Bond

Returns

High

Date of Issue

05 Apr 2022

Maturity Date

04 May 2032

Perpetual

Yes

Listing Status

Listed

Rating status

A (CARE Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

SBM BANK (INDIA) LIMITED SR I 9.75 BD 05AP32 FVRS1CR
Sbm Bank (india) Limited, a Private Sector Bank company, has floated Bond, having ISIN value as INE07PX08019, with a face value of ₹1,00,00,000 rs on 05Apr22 to raise 150 crores. The debt instrument is issued with a coupon rate of 9.75% 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 9.75% UNSECURED RATED LISTED NON CONVERTIBLE BASEL III COMPLIANT TIER II NON CONVERTIBLE BONDS. SERIES I -2022. DATE OF MATURITY 05/04/2032. 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 06Apr22. CARE Ratings Limited has given A rating to this Bond on 05Apr22. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A
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Date Verified
22 Aug 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
05-Apr-22 : Your investment
₹9,75,00,000
05-Apr-23 : Interest
₹9,75,00,000
05-Apr-24 : Interest
₹9,75,00,000
05-Apr-25 : Interest
₹9,75,00,000
05-Apr-26 : Interest
₹9,75,00,000
05-Apr-27 : Interest
₹9,75,00,000
05-Apr-28 : Interest
₹9,75,00,000
05-Apr-29 : Interest
₹9,75,00,000
05-Apr-30 : Interest
₹9,75,00,000
05-Apr-31 : Interest
₹9,75,00,000
05-Apr-32 : Interest
₹1,97,50,00,000
04-May-32 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹97,50,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.75%

Returns

High

Bond Rating

A

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Private Sector Bank
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE07PX08019 issued by Sbm Bank (india) Limited

The instrument name of INE07PX08019 ISIN is SBM BANK (INDIA) LIMITED SR I 9.75 BD 05AP32 FVRS1CR.
The interest earned from INE07PX08019 bond issued by Sbm Bank (india) Limited is paid Annually, ensuring regular and consistent income for investors.
This INE07PX08019 bond issued by Sbm Bank (india) Limited has been assigned a credit rating of A by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 9.75%, which determines the periodic interest payments made to bondholders.
The INE07PX08019 Bond is issued by Sbm Bank (india) Limited, a Private Sector company.
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