9.50% Bandhan Bank Limited - AA Rated (INE580B07455)

Bandhan Bank Limited, a Finance company, has floated Debenture, having ISIN value as INE580B07455, with a face value of ₹5,00,000 rs on 30Oct18 to raise 230 crores. The debt instrument is issued with a coupon rate of 9.50% 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 Secured Debenture is 9.50% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES F-016. DATE OF MATURITY 30/10/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 24Oct18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.