9.50% Idbi Bank Limited - AA Rated (INE008A08V59)

Idbi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE008A08V59, with a face value of ₹10,00,000 rs on 03Feb20 to raise 745 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.50% UNSECURED SUBORDINATED RATED LISTED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT BOND. 2019-20 SERIES I. DATE OF MATURITY: 03/02/2030. 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 07Feb20 & on NSE stock exchange on 06Feb20. CRISIL RATINGS LIMITED has given AA- rating to this Bond on 18Dec19. 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.