8.42% Idfc First Bank Limited - AA Rated (INE092T08EY6)

Idfc First Bank Limited, a Private Sector Bank company, has floated Bond, having ISIN value as INE092T08EY6, with a face value of ₹1,00,00,000 rs on 08Feb22 to raise 1500 crores. The debt instrument is issued with a coupon rate of 8.42% 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 8.42% UNSECURED RATED LISTED NON CONVERTIBLE SUBORIDINATED TIER 2 BOND IN THE NATURE OF DEBENTURE. SERIES PP 1/2022. DATE OF MATURITY 08/02/2032.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 09Feb22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 06Aug21. This issuer is formerly known as IDFC BANK LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.