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Instrument Details

ISIN: INE562A08032

Face value

₹10,00,000

Coupon rate

8.85%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

110

Instrument Type

Bond

Returns

High

Date of Issue

06 Nov 2018

Maturity Date

11 Jun 2028

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

INDIAN BANK SERIES TR - B 8.85 BD 06NV28 FVRS10LAC
Indian Bank, a Finance company, has floated Bond, having ISIN value as INE562A08032, with a face value of ₹10,00,000 rs on 06Nov18 to raise 110 crores. The debt instrument is issued with a coupon rate of 8.85% 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 Secured Bond is 8.85 UNSECURED RATED LISTED BOND NON CONVERTIBLE BOND SERIES B. DATE OF MATURITY 06/11/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Not Applicable option. The Bond is listed on NSE stock exchange on 19Nov18. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 22Oct18. 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
Secured
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
06-Nov-18 : Your investment
₹88,50,000
06-Nov-19 : Interest
₹88,50,000
06-Nov-20 : Interest
₹88,50,000
06-Nov-21 : Interest
₹88,50,000
06-Nov-22 : Interest
₹88,50,000
06-Nov-23 : Interest
₹88,50,000
06-Nov-24 : Interest
₹88,50,000
06-Nov-25 : Interest
₹88,50,000
06-Nov-26 : Interest
₹88,50,000
06-Nov-27 : Interest
₹53,34,246
11-Jun-28 : Interest
₹18,49,84,246
11-Jun-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,49,84,246)

Summary

Instrument Attributes

Value

Coupon Rate

8.85%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE562A08032 issued by Indian Bank

The instrument name of INE562A08032 ISIN is INDIAN BANK SERIES TR - B 8.85 BD 06NV28 FVRS10LAC.
The interest earned from INE562A08032 bond issued by Indian Bank is paid Annually, ensuring regular and consistent income for investors.
This INE562A08032 bond issued by Indian 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 8.85%, which determines the periodic interest payments made to bondholders.
The INE562A08032 Bond is issued by Indian Bank, a Private Sector company.
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