Instrument Details

ISIN: INE008A08V00

Face value

₹10,00,000

Coupon rate

8.62%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Bond

Returns

High

Date of Issue

31 Dec 2015

Maturity Date

31 Dec 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

IDBI BANK LIMITED SR-I 8.62 BD 31dc30 FVRS10LAC
Idbi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE008A08V00, with a face value of ₹10,00,000 rs on 31Dec15 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.62% 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 8.62% UNSECURED OMNI BONDS TIER II 2015-16 SERIES I. DATE OF MATURITY 31/12/2030.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 13Jan16 & on NSE stock exchange on 08Jan16. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Bond on 23Jul19. This issuer is formerly known as IDBI LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA-
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Date Verified
22 Dec 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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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
31-Dec-15 : Your investment
₹86,20,000
31-Dec-16 : Interest
₹86,20,000
31-Dec-17 : Interest
₹86,20,000
31-Dec-18 : Interest
₹86,20,000
31-Dec-19 : Interest
₹86,20,000
31-Dec-20 : Interest
₹86,20,000
31-Dec-21 : Interest
₹86,20,000
31-Dec-22 : Interest
₹86,20,000
31-Dec-23 : Interest
₹86,20,000
31-Dec-24 : Interest
₹86,20,000
31-Dec-25 : Interest
₹86,20,000
31-Dec-26 : Interest
₹86,20,000
31-Dec-27 : Interest
₹86,20,000
31-Dec-28 : Interest
₹86,20,000
31-Dec-29 : Interest
₹86,20,000
31-Dec-30 : Interest
₹22,93,00,000
31-Dec-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹12,93,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.62%

Returns

High

Bond Rating

AA-

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE008A08V00 issued by Idbi Bank Limited

The instrument name of INE008A08V00 ISIN is IDBI BANK LIMITED SR-I 8.62 BD 31dc30 FVRS10LAC.
The interest earned from INE008A08V00 bond issued by Idbi Bank Limited is paid Annually, ensuring regular and consistent income for investors.
This INE008A08V00 bond issued by Idbi Bank Limited has been assigned a credit rating of AA- by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.62%, which determines the periodic interest payments made to bondholders.
The INE008A08V00 Bond is issued by Idbi Bank Limited, a Private Sector company.