Instrument Details

ISIN: INE688I08095

Face value

₹10,00,000

Coupon rate

9.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

30 Oct 2015

Maturity Date

30 Oct 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (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-5 9.25 NCD 30OT25 FVRS10LAC
Idfc First Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE688I08095, with a face value of ₹10,00,000 rs on 30Oct15 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.25% 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 9.25% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES (TIER II). SERIES 5. DATE OF MATURITY 30/10/2025. 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 10Nov15. CARE Ratings Limited has given AA+ rating to this Debenture on 30Oct15. 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
AA
High Safety
AA+
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Date Verified
04 Oct 2023
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Outlook
Stable
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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
30-Oct-15 : Your investment
₹92,50,000
30-Oct-16 : Interest
₹92,50,000
30-Oct-17 : Interest
₹92,50,000
30-Oct-18 : Interest
₹92,50,000
30-Oct-19 : Interest
₹92,50,000
30-Oct-20 : Interest
₹92,50,000
30-Oct-21 : Interest
₹92,50,000
30-Oct-22 : Interest
₹92,50,000
30-Oct-23 : Interest
₹92,50,000
30-Oct-24 : Interest
₹92,50,000
30-Oct-25 : Interest
₹19,25,00,000
30-Oct-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.25%

Returns

High

Bond Rating

AA+

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 INE688I08095 issued by Idfc First Bank Limited

The instrument name of INE688I08095 ISIN is IDFC FIRST BANK LIMITED SR-5 9.25 NCD 30OT25 FVRS10LAC.
The interest earned from INE688I08095 bond issued by Idfc First Bank Limited is paid Annually, ensuring regular and consistent income for investors.
This INE688I08095 bond issued by Idfc First Bank Limited has been assigned a credit rating of AA+ by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.25%, which determines the periodic interest payments made to bondholders.
The INE688I08095 Debenture is issued by Idfc First Bank Limited, a Private Sector company.