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Instrument Details

ISIN: INE062A08207

Face value

₹10,00,000

Coupon rate

7.99%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

5000

Instrument Type

Bond

Returns

Medium

Date of Issue

28 Jun 2019

Maturity Date

28 Jun 2029

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

STATE BANK OF INDIA SR I 7.99 BD 28JU29 FVRS10LAC
State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08207, with a face value of ₹10,00,000 rs on 28Jun19 to raise 5000 crores. The debt instrument is issued with a coupon rate of 7.99% 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 7.99% UNSECURED LISTED RATED NON CONVERTIBLE TAXABLE REDEEMABLE SUBORDINATED FULLY PAID UP BASEL III COMPLAINT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES I. DATE OF MATURITY 28/06/2029. 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 04Jul19 & on BSE stock exchange on 05Jul19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 13Jun19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
27 Oct 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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
28-Jun-19 : Your investment
₹79,90,000
28-Jun-20 : Interest
₹79,90,000
28-Jun-21 : Interest
₹79,90,000
28-Jun-22 : Interest
₹79,90,000
28-Jun-23 : Interest
₹79,90,000
28-Jun-24 : Interest
₹79,90,000
28-Jun-25 : Interest
₹79,90,000
28-Jun-26 : Interest
₹79,90,000
28-Jun-27 : Interest
₹79,90,000
28-Jun-28 : Interest
₹79,90,000
28-Jun-29 : Interest
₹17,99,00,000
28-Jun-29 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,99,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.99%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Public Sector Bank
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE062A08207 issued by State Bank Of India

The instrument name of INE062A08207 ISIN is STATE BANK OF INDIA SR I 7.99 BD 28JU29 FVRS10LAC.
The interest earned from INE062A08207 bond issued by State Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE062A08207 bond issued by State Bank Of India 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.
This Bond offers a coupon rate of 7.99%, which determines the periodic interest payments made to bondholders.
The INE062A08207 Bond is issued by State Bank Of India, a PSU company.
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