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Instrument Details

ISIN: INE483A08031

Face value

₹10,00,000

Coupon rate

9.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

High

Date of Issue

20 Mar 2020

Maturity Date

20 May 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (INDIA 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

CENTRAL BANK OF INDIA SR V 9.20 LOA 20MY30 FVRS10LAC
Central Bank Of India, a Finance company, has floated Bond, having ISIN value as INE483A08031, with a face value of ₹10,00,000 rs on 20Mar20 to raise 500 crores. The debt instrument is issued with a coupon rate of 9.20% 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 9.20% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE TAXABLE BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENTURE. SERIES V. LETTER OF ALLOTMENT. DATE OF MATURITY 20/05/2030. 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 08Apr20. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Bond on 04Mar20. 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
12 Dec 2023
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Outlook
Positive
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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
20-Mar-20 : Your investment
₹92,00,000
20-Mar-21 : Interest
₹92,00,000
20-Mar-22 : Interest
₹92,00,000
20-Mar-23 : Interest
₹92,00,000
20-Mar-24 : Interest
₹92,00,000
20-Mar-25 : Interest
₹92,00,000
20-Mar-26 : Interest
₹92,00,000
20-Mar-27 : Interest
₹92,00,000
20-Mar-28 : Interest
₹92,00,000
20-Mar-29 : Interest
₹92,00,000
20-Mar-30 : Interest
₹19,20,00,000
20-May-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,20,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.20%

Returns

High

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
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE483A08031 issued by Central Bank Of India

The instrument name of INE483A08031 ISIN is CENTRAL BANK OF INDIA SR V 9.20 LOA 20MY30 FVRS10LAC.
The interest earned from INE483A08031 bond issued by Central Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE483A08031 bond issued by Central Bank Of India has been assigned a credit rating of AA- 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 9.2%, which determines the periodic interest payments made to bondholders.
The INE483A08031 Bond is issued by Central Bank Of India, a PSU company.
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