11.50% The Lakshmi Vilas Bank Limited (INE694C08062)

The Lakshmi Vilas Bank Limited, a Finance company, has floated Bond, having ISIN value as INE694C08062, with a face value of ₹5,00,000 rs on 30Sep15 to raise 140.1 crores. The debt instrument is issued with a coupon rate of 11.50% and its interest is paid Semi 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 11.50% UNSECURED REDEEMABLE NON-CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. LETTER OF ALLOTMENT. SERIES- IX. DATE OF MATURITY 30/09/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 13Oct15 & on BSE stock exchange on 13Oct15. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 11Oct19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.