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Instrument Details

ISIN: INE092T08ES8

Face value

₹10,00,000

Coupon rate

8.24%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

340

Instrument Type

Debenture

Returns

High

Date of Issue

04 May 2018

Maturity Date

15 May 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

WITHDRAWN (CARE Ratings)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

IDFC FIRST BANK LIMITED 8.24 NCD 15MY23 FVRS10LAC
Idfc First Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE092T08ES8, with a face value of ₹10,00,000 rs on 04May18 to raise 340 crores. The debt instrument is issued with a coupon rate of 8.24% and its interest is paid Semi 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 Debenture is 8.24% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. DATE OF MATURITY 15/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 04May18. This issuer is formerly known as IDFC BANK LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
04-May-18 : Your investment
₹41,20,000
04-Nov-18 : Interest
₹41,20,000
04-May-19 : Interest
₹41,20,000
04-Nov-19 : Interest
₹41,20,000
04-May-20 : Interest
₹41,20,000
04-Nov-20 : Interest
₹41,20,000
04-May-21 : Interest
₹41,20,000
04-Nov-21 : Interest
₹41,20,000
04-May-22 : Interest
₹41,20,000
04-Nov-22 : Interest
₹41,20,000
04-May-23 : Interest
₹14,12,00,000
15-May-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹4,12,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.24%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Private Sector Bank
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE092T08ES8 issued by Idfc First Bank Limited

The instrument name of INE092T08ES8 ISIN is IDFC FIRST BANK LIMITED 8.24 NCD 15MY23 FVRS10LAC.
The interest earned from INE092T08ES8 bond issued by Idfc First Bank Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE092T08ES8 bond issued by Idfc First Bank Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.24%, which determines the periodic interest payments made to bondholders.
The INE092T08ES8 Debenture is issued by Idfc First Bank Limited, a Private Sector company.
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