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Instrument Details

ISIN: INE141A08035

Face value

₹10,00,000

Coupon rate

8.34%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Bond

Returns

High

Date of Issue

26 Oct 2015

Maturity Date

26 Oct 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

PUNJAB NATIONAL BANK 8.34 BD 26OT25 FVRS10LAC
Punjab National Bank, a Finance company, has floated Bond, having ISIN value as INE141A08035, with a face value of ₹10,00,000 rs on 26Oct15 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.34% 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 8.34% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENTURES. DATE OF MATURITY 26/10/2025. 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 03Nov15 & on BSE stock exchange on 03Nov15. CARE Ratings Limited has given AAA rating to this Bond on 26Oct15. This issuer is formerly known as PUNJAB NATIONAL BANK LIMITED 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
14 Dec 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
26-Oct-15 : Your investment
₹83,40,000
26-Oct-16 : Interest
₹83,40,000
26-Oct-17 : Interest
₹83,40,000
26-Oct-18 : Interest
₹83,40,000
26-Oct-19 : Interest
₹83,40,000
26-Oct-20 : Interest
₹83,40,000
26-Oct-21 : Interest
₹83,40,000
26-Oct-22 : Interest
₹83,40,000
26-Oct-23 : Interest
₹83,40,000
26-Oct-24 : Interest
₹83,40,000
26-Oct-25 : Interest
₹18,34,00,000
26-Oct-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,34,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.34%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE141A08035 issued by Punjab National Bank

The instrument name of INE141A08035 ISIN is PUNJAB NATIONAL BANK 8.34 BD 26OT25 FVRS10LAC.
The interest earned from INE141A08035 bond issued by Punjab National Bank is paid Annually, ensuring regular and consistent income for investors.
This INE141A08035 bond issued by Punjab National Bank has been assigned a credit rating of AAA by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.34%, which determines the periodic interest payments made to bondholders.
The INE141A08035 Bond is issued by Punjab National Bank, a PSU company.
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