10.80% Central Bank Of India - AA Rated (INE483A09286)

Central Bank Of India, a Finance company, has floated Bond, having ISIN value as INE483A09286, with a face value of ₹10,00,000 rs on 29Mar19 to raise 500 crores. The debt instrument is issued with a coupon rate of 10.80% 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 10.80% UNSECURED SUBORDINATED RATED LISTED NON CONVERTIBLE TAXABLE REDEEMABLE BASEL III COMPLIANT BONDS TIER 2 CAPITAL IN THE NATURE OF DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY: 29/05/2029. 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 05Apr19. CRISIL RATINGS LIMITED has given AA- rating to this Bond on 20Mar19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.