Idbi Bank Limited - A Rated (INE008A08U68)

Idbi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE008A08U68, with a face value of ₹10,00,000 rs on 26Dec12 to raise 850 crores. The debt instrument is issued with a coupon rate of 9.40 % and its interest is paid Never. 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 9.40% Unsecured Non Convertible Perpetual Omni Bonds 2012-13 Tier -I Series IV.. 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 14Jan13 & on NSE stock exchange on 11Jan13. CRISIL RATINGS LIMITED has given A+ rating to this Bond on 17Dec12. 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.