The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE084A08037

Face value

₹10,00,000

Coupon rate

9.80%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Debenture

Returns

High

Date of Issue

25 Sep 2013

Maturity Date

25 Sep 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

BANK OF INDIA SR-X 9.8 LOA 25SP23 FVRS10LAC
Bank Of India, a Finance company, has floated Debenture, having ISIN value as INE084A08037, with a face value of ₹10,00,000 rs on 25Sep13 to raise 1000 crores. The debt instrument is issued with a coupon rate of 9.80% 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 9.80% UNSECURED REDEEMABLE NON-CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. SERIES X. LETTER OF ALLOTMENT. DATE OF MATURITY 25/09/2023. This instrument is issued in Bonus mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 04Oct13 & on NSE stock exchange on 04Oct13. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 09Mar16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
check
Date Verified
01 Mar 2022
check
Outlook
Stable
logo
Seniority in Repayment
None
logo
Security
Unsecured
Investment Calculation (Pre-Tax)

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

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
25-Sep-13 : Your investment
₹98,00,000
25-Sep-14 : Interest
₹98,00,000
25-Sep-15 : Interest
₹98,00,000
25-Sep-16 : Interest
₹98,00,000
25-Sep-17 : Interest
₹98,00,000
25-Sep-18 : Interest
₹98,00,000
25-Sep-19 : Interest
₹98,00,000
25-Sep-20 : Interest
₹98,00,000
25-Sep-21 : Interest
₹98,00,000
25-Sep-22 : Interest
₹98,00,000
25-Sep-23 : Interest
₹19,80,00,000
25-Sep-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,80,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.80%

Returns

High

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE084A08037 issued by Bank Of India

The instrument name of INE084A08037 ISIN is BANK OF INDIA SR-X 9.8 LOA 25SP23 FVRS10LAC.
The interest earned from INE084A08037 bond issued by Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE084A08037 bond issued by Bank Of India has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.8%, which determines the periodic interest payments made to bondholders.
The INE084A08037 Debenture is issued by Bank Of India, a PSU company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow