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7.84% Bank Of Baroda - AAA Rated (INE028A08208)
ActivePSUUnsecured
Instrument Details
ISIN: INE028A08208
Face value
₹10,00,000
Coupon rate
7.84%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
2000
Instrument Type
Bond
Returns
Medium
Date of Issue
15 Jan 2020
Maturity Date
15 Jan 2035
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (INDIA Ratings)
Call Option
Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
BANK OF BARODA SERIES XXIV 7.84 BD 15JN35 FVRS10LAC
Bank Of Baroda, a Public Sector Bank company, has floated Bond,
having ISIN value as INE028A08208, with a face value of ₹10,00,000 rs on 15Jan20 to raise 2000 crores. The debt instrument
is issued with a coupon rate of 7.84% 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 7.84% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE FULLY PAID UP TAXABLE REDEEMABLE BASEL III COMPLIANT TIER II BONDS -SERIES XXIV. DATE OF MATURITY 15/01/2035. 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 17Jan20 & on BSE stock exchange on 21Jan20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to
this Bond on 11Dec19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
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
15-Jan-20 : Your investment
₹78,40,000
15-Jan-21 : Interest
₹78,40,000
15-Jan-22 : Interest
₹78,40,000
15-Jan-23 : Interest
₹78,40,000
15-Jan-24 : Interest
₹78,40,000
15-Jan-25 : Interest
₹78,40,000
15-Jan-26 : Interest
₹78,40,000
15-Jan-27 : Interest
₹78,40,000
15-Jan-28 : Interest
₹78,40,000
15-Jan-29 : Interest
₹78,40,000
15-Jan-30 : Interest
₹78,40,000
15-Jan-31 : Interest
₹78,40,000
15-Jan-32 : Interest
₹78,40,000
15-Jan-33 : Interest
₹78,40,000
15-Jan-34 : Interest
₹78,40,000
15-Jan-35 : Interest
₹21,76,00,000
15-Jan-35 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹11,76,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
7.84%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Public Sector Bank
HEAD OFFICE
Baroda
SECTOR
Financial Services
ISSUER OWNERSHIP
PSU
Other Bonds of Bank Of Baroda
FAQs about INE028A08208 issued by Bank Of Baroda
What is the instrument name of INE028A08208 ISIN?
The instrument name of INE028A08208 ISIN is BANK OF BARODA SERIES XXIV 7.84 BD 15JN35 FVRS10LAC.
How frequently is the interest paid on INE028A08208 bond issued by Bank Of Baroda?
The interest earned from INE028A08208 bond issued by Bank Of Baroda is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE028A08208 bond issued by Bank Of Baroda?
This INE028A08208 bond issued by Bank Of Baroda has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE028A08208 bond issued by Bank Of Baroda?
This Bond offers a coupon rate of 7.84%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE028A08208 Bond?
The INE028A08208 Bond is issued by Bank Of Baroda, a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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