9.27% Idbi Bank Limited - AA Rated (INE008A08U76)

Idbi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE008A08U76, with a face value of ₹10,00,000 rs on 12Sep14 to raise 1000 crores. The debt instrument is issued with a coupon rate of 9.27% and its interest is paid Semi 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 9.27% UNSECURED REDEEMABLE NON CONVERTIBLE LONG TERM BONDS. SERIES I 2014-15. DATE OF MATURITY 12/09/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 18Sep14 & on BSE stock exchange on 22Sep14. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Bond on 05Sep14. 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.