Instrument Details

ISIN: INE688I08020

Face value

₹10,00,000

Coupon rate

10.30%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

28 Feb 2013

Maturity Date

28 Feb 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

IDFC FIRST BANK LIMITED SR-2 10.3 NCD 28FB23 FVRS10LAC
Idfc First Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE688I08020, with a face value of ₹10,00,000 rs on 28Feb13 to raise 50 crores. The debt instrument is issued with a coupon rate of 10.30% 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 10.3% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES (TIER II). SERIES 2. DATE OF MATURITY 28/02/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 15Feb19 & on NSE stock exchange on 18Mar13. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 28Feb13. This issuer is formerly known as IDFC BANK LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Subordinate Tier 2
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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
28-Feb-13 : Your investment
₹1,03,00,000
28-Feb-14 : Interest
₹1,03,00,000
28-Feb-15 : Interest
₹1,03,00,000
28-Feb-16 : Interest
₹1,03,00,000
28-Feb-17 : Interest
₹1,03,00,000
28-Feb-18 : Interest
₹1,03,00,000
28-Feb-19 : Interest
₹1,03,00,000
28-Feb-20 : Interest
₹1,03,00,000
28-Feb-21 : Interest
₹1,03,00,000
28-Feb-22 : Interest
₹1,03,00,000
28-Feb-23 : Interest
₹20,30,00,000
28-Feb-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,30,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.30%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Private Sector Bank
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE688I08020 issued by Idfc First Bank Limited

The instrument name of INE688I08020 ISIN is IDFC FIRST BANK LIMITED SR-2 10.3 NCD 28FB23 FVRS10LAC.
The interest earned from INE688I08020 bond issued by Idfc First Bank Limited is paid Annually, ensuring regular and consistent income for investors.
This INE688I08020 bond issued by Idfc First Bank Limited has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.3%, which determines the periodic interest payments made to bondholders.
The INE688I08020 Debenture is issued by Idfc First Bank Limited, a Private Sector company.