8.51% Uco Bank - AA Rated (INE691A08070)

Uco Bank, a Finance company, has floated Bond, having ISIN value as INE691A08070, with a face value of ₹1,00,00,000 rs on 22Mar22 to raise 400 crores. The debt instrument is issued with a coupon rate of 8.51% 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 8.51% UNSECURED RATED LISTED BASEL III TIER II BONDS IN THE NATURE OF NON CONVERTIBLE DEBENURE.SERIES IV.DATE OF MATURITY 22/03/2032. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 23Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Bond on 17Dec21. This issuer is formerly known as THE UNITED COMMERCIAL BANK LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.