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11.75% The South Indian Bank Ltd. - A Rated (INE683A08044)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE683A08044
Face value
₹1,00,000
Coupon rate
11.75%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
250
Instrument Type
Bond
Returns
High
Date of Issue
26 Mar 2019
Maturity Date
26 Jun 2029
Perpetual
Yes
Listing Status
Listed
Rating status
A+ (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
THE SOUTH INDIAN BANK LTD. SR JU29 11.75 BD 26JU29 FV1LAC LOAUPTO01AP19
The South Indian Bank Ltd., a Private Sector Bank company, has floated Bond,
having ISIN value as INE683A08044, with a face value of ₹1,00,000 rs on 26Mar19 to raise 250 crores. The debt instrument
is issued with a coupon rate of 11.75% and its interest is paid
Semi 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 11.75 % UNSECURED REDEEMEABLE FULLY PAID UP BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY: 26/06/2029. 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 29Mar19. INDIA RATING AND RESEARCH PVT. LTD has given A+ rating to
this Bond on 09Dec19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000
Cashflow
₹1,00,00,000
26-Mar-19 : Your investment
₹5,87,500
26-Sep-19 : Interest
₹5,87,500
26-Mar-20 : Interest
₹5,87,500
26-Sep-20 : Interest
₹5,87,500
26-Mar-21 : Interest
₹5,87,500
26-Sep-21 : Interest
₹5,87,500
26-Mar-22 : Interest
₹5,87,500
26-Sep-22 : Interest
₹5,87,500
26-Mar-23 : Interest
₹5,87,500
26-Sep-23 : Interest
₹5,87,500
26-Mar-24 : Interest
₹5,87,500
26-Sep-24 : Interest
₹5,87,500
26-Mar-25 : Interest
₹5,87,500
26-Sep-25 : Interest
₹5,87,500
26-Mar-26 : Interest
₹5,87,500
26-Sep-26 : Interest
₹5,87,500
26-Mar-27 : Interest
₹5,87,500
26-Sep-27 : Interest
₹5,87,500
26-Mar-28 : Interest
₹5,87,500
26-Sep-28 : Interest
₹5,87,500
26-Mar-29 : Interest
₹1,79,513
26-Jun-29 : Interest
₹2,19,29,513
26-Jun-29 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹1,19,29,513)
Summary
Instrument Attributes
Value
Coupon Rate
11.75%
Returns
High
Bond Rating
A+
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Private Sector Bank
HEAD OFFICE
Thrissur
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of The South Indian Bank Ltd.
FAQs about INE683A08044 issued by The South Indian Bank Ltd.
What is the instrument name of INE683A08044 ISIN?
The instrument name of INE683A08044 ISIN is THE SOUTH INDIAN BANK LTD. SR JU29 11.75 BD 26JU29 FV1LAC LOAUPTO01AP19.
How frequently is the interest paid on INE683A08044 bond issued by The South Indian Bank Ltd.?
The interest earned from INE683A08044 bond issued by The South Indian Bank Ltd. is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE683A08044 bond issued by The South Indian Bank Ltd.?
This INE683A08044 bond issued by The South Indian Bank Ltd. has been assigned a credit rating of A+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE683A08044 bond issued by The South Indian Bank Ltd.?
This Bond offers a coupon rate of 11.75%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE683A08044 Bond?
The INE683A08044 Bond is issued by The South Indian Bank Ltd., a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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