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Instrument Details

ISIN: INE084A08060

Face value

₹10,00,000

Coupon rate

8.52%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

3000

Instrument Type

Bond

Returns

High

Date of Issue

31 Dec 2015

Maturity Date

31 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

BANK OF INDIA SR-XII 8.52 BD 31DC25 FVRS10LAC
Bank Of India, a Finance company, has floated Bond, having ISIN value as INE084A08060, with a face value of ₹10,00,000 rs on 31Dec15 to raise 3000 crores. The debt instrument is issued with a coupon rate of 8.52% 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 8.52% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES XII. DATE OF MATURITY 31/12/2025. 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 04Jan16 & on BSE stock exchange on 04Jan16. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 09Mar16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
01 Mar 2022
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Outlook
Stable
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Seniority in Repayment
None
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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
31-Dec-15 : Your investment
₹85,20,000
31-Dec-16 : Interest
₹85,20,000
31-Dec-17 : Interest
₹85,20,000
31-Dec-18 : Interest
₹85,20,000
31-Dec-19 : Interest
₹85,20,000
31-Dec-20 : Interest
₹85,20,000
31-Dec-21 : Interest
₹85,20,000
31-Dec-22 : Interest
₹85,20,000
31-Dec-23 : Interest
₹85,20,000
31-Dec-24 : Interest
₹85,20,000
31-Dec-25 : Interest
₹18,52,00,000
31-Dec-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,52,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.52%

Returns

High

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE084A08060 issued by Bank Of India

The instrument name of INE084A08060 ISIN is BANK OF INDIA SR-XII 8.52 BD 31DC25 FVRS10LAC.
The interest earned from INE084A08060 bond issued by Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE084A08060 bond issued by Bank Of India has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.52%, which determines the periodic interest payments made to bondholders.
The INE084A08060 Bond is issued by Bank Of India, a PSU company.
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