8.80% Idbi Bank Limited - AA Rated (INE008A08V26)

Idbi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE008A08V26, with a face value of ₹10,00,000 rs on 09Feb16 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.80% 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 8.80% UNSECURED REDEEMABLE NON CONVERTIBLE LONG TERN BONDS IN THE NATURE OF DEBENTURES. SERIES III 2015-16. DATE OF MATURITY 09/02/2026. 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 16Feb16 & on BSE stock exchange on 16Feb16. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Bond on 23Jul19. 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.