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Instrument Details

ISIN: INE457A08092

Face value

₹1,00,00,000

Coupon rate

7.86%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Bond

Returns

Medium

Date of Issue

21 Oct 2021

Maturity Date

21 Oct 2031

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA+ (CARE 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 MAHARASHTRA SR IV 7.86 LOA 21OT31 FVRS1CR
Bank Of Maharashtra, a Finance company, has floated Bond, having ISIN value as INE457A08092, with a face value of ₹1,00,00,000 rs on 21Oct21 to raise 1000 crores. The debt instrument is issued with a coupon rate of 7.86% 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 7.86% UNSECURED LISTED SUBORDINATED FULLY PAID UP TAXABLE NON CONVERTIBLE REDEEMABLE BASEL III COMPLAINT TIER II BONDS IN THE NATURE OF DEBENTURE. SERIES IV. LETTER OF ALLOTMENT. DATE OF MATURITY 21/10/2031. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AA+ rating to this Bond on 21Oct21. 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
31 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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
21-Oct-21 : Your investment
₹7,86,00,000
21-Oct-22 : Interest
₹7,86,00,000
21-Oct-23 : Interest
₹7,86,00,000
21-Oct-24 : Interest
₹7,86,00,000
21-Oct-25 : Interest
₹7,86,00,000
21-Oct-26 : Interest
₹7,86,00,000
21-Oct-27 : Interest
₹7,86,00,000
21-Oct-28 : Interest
₹7,86,00,000
21-Oct-29 : Interest
₹7,86,00,000
21-Oct-30 : Interest
₹7,86,00,000
21-Oct-31 : Interest
₹1,78,60,00,000
21-Oct-31 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹78,60,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.86%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE457A08092 issued by Bank Of Maharashtra

The instrument name of INE457A08092 ISIN is BANK OF MAHARASHTRA SR IV 7.86 LOA 21OT31 FVRS1CR.
The interest earned from INE457A08092 bond issued by Bank Of Maharashtra is paid Annually, ensuring regular and consistent income for investors.
This INE457A08092 bond issued by Bank Of Maharashtra has been assigned a credit rating of AA+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.86%, which determines the periodic interest payments made to bondholders.
The INE457A08092 Bond is issued by Bank Of Maharashtra, a Private Sector company.
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