The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE476A08043

Face value

₹10,00,000

Coupon rate

8.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

900

Instrument Type

Bond

Returns

High

Date of Issue

07 Jan 2016

Maturity Date

01 Jul 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA 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

CANARA BANK SR-II 8.4 NCD 07JN26 FVRS10LAC LOAUPTO04MY16
Canara Bank, a Public Sector Bank company, has floated Bond, having ISIN value as INE476A08043, with a face value of ₹10,00,000 rs on 07Jan16 to raise 900 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.40% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENTURES. SERIES II. LETTER OF ALLOTMENT. DATE OF MATURITY 07/01/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 12Jan16 & on NSE stock exchange on 12Jan16. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 04Sep19. This issuer is formerly known as CANARA 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
check
Date Verified
21 Sep 2023
check
Outlook
Stable
logo
Seniority in Repayment
Subordinate Tier 2
logo
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
07-Jan-16 : Your investment
₹84,00,000
07-Jan-17 : Interest
₹84,00,000
07-Jan-18 : Interest
₹84,00,000
07-Jan-19 : Interest
₹84,00,000
07-Jan-20 : Interest
₹84,00,000
07-Jan-21 : Interest
₹84,00,000
07-Jan-22 : Interest
₹84,00,000
07-Jan-23 : Interest
₹84,00,000
07-Jan-24 : Interest
₹84,00,000
07-Jan-25 : Interest
₹84,00,000
07-Jan-26 : Interest
₹18,40,00,000
01-Jul-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,40,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.40%

Returns

High

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
Bangalore
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE476A08043 issued by Canara Bank

The instrument name of INE476A08043 ISIN is CANARA BANK SR-II 8.4 NCD 07JN26 FVRS10LAC LOAUPTO04MY16.
The interest earned from INE476A08043 bond issued by Canara Bank is paid Annually, ensuring regular and consistent income for investors.
This INE476A08043 bond issued by Canara Bank 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 8.4%, which determines the periodic interest payments made to bondholders.
The INE476A08043 Bond is issued by Canara Bank, a PSU company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow