9.71% Uco Bank - AA Rated (INE691A08062)

Uco Bank, a Finance company, has floated Bond, having ISIN value as INE691A08062, with a face value of ₹10,00,000 rs on 16Dec19 to raise 500 crores. The debt instrument is issued with a coupon rate of 9.71% 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 9.71% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE FULLY PAID UP BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES III. DATE OF MATURITY 16/12/2029. 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 20Dec19 & on BSE stock exchange on 20Dec19. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 06Nov19. This issuer is formerly known as THE UNITED COMMERCIAL BANK LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.