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Instrument Details

ISIN: INE476A09256

Face value

₹10,00,000

Coupon rate

9.70%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Bond

Returns

High

Date of Issue

27 Mar 2014

Maturity Date

27 Mar 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (CRISIL 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 9.7 BD 27MR24 FVRS10LAC LOA UPTO 21AP15
Canara Bank, a Public Sector Bank company, has floated Bond, having ISIN value as INE476A09256, with a face value of ₹10,00,000 rs on 27Mar14 to raise 1000 crores. The debt instrument is issued with a coupon rate of 9.70% 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 9.70% UNSECURED NON-CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. SERIES - II. LETTER OF ALLOTMENT. DATE OF MATURITY 27/03/2024. 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. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 16Dec13. 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
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Date Verified
08 Feb 2022
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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
27-Mar-14 : Your investment
₹97,00,000
27-Mar-15 : Interest
₹97,00,000
27-Mar-16 : Interest
₹97,00,000
27-Mar-17 : Interest
₹97,00,000
27-Mar-18 : Interest
₹97,00,000
27-Mar-19 : Interest
₹97,00,000
27-Mar-20 : Interest
₹97,00,000
27-Mar-21 : Interest
₹97,00,000
27-Mar-22 : Interest
₹97,00,000
27-Mar-23 : Interest
₹97,00,000
27-Mar-24 : Interest
₹19,70,00,000
27-Mar-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,70,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.70%

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 INE476A09256 issued by Canara Bank

The instrument name of INE476A09256 ISIN is CANARA BANK SR-II 9.7 BD 27MR24 FVRS10LAC LOA UPTO 21AP15.
The interest earned from INE476A09256 bond issued by Canara Bank is paid Annually, ensuring regular and consistent income for investors.
This INE476A09256 bond issued by Canara Bank has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 9.7%, which determines the periodic interest payments made to bondholders.
The INE476A09256 Bond is issued by Canara Bank, a PSU company.
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