8.51% Uco Bank - AA Rated (INE691A08088)

Uco Bank, a Finance company, has floated Debenture, having ISIN value as INE691A08088, with a face value of ₹1,00,00,000 rs on 31Mar22 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.51% 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 Debenture is 8.51%UNSECURED RATED LISTED BASEL III TIER II BONDS IN THE NATURE OF NON CONVERTIBLE DEBENURE.SERIES V.DATE OF MATURITY 31/03/2032. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 04Apr22. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 17Dec21. This issuer is formerly known as THE UNITED COMMERCIAL BANK LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.