The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE695A08063

Face value

₹10,00,000

Coupon rate

9.05%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

340

Instrument Type

Bond

Returns

High

Date of Issue

10 Nov 2017

Maturity Date

11 Oct 2027

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

PUNJAB NATIONAL BANK SR-XI 9.05 BD 10NV27 FVRS10LAC
Punjab National Bank, a Finance company, has floated Bond, having ISIN value as INE695A08063, with a face value of ₹10,00,000 rs on 10Nov17 to raise 340 crores. The debt instrument is issued with a coupon rate of 9.05% 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 9.05% UNSECURED NON CONVERTIBLE REDEEMABLE LISTED BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES XI. DATE OF MATURITY 10/11/2027. 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 15Nov17. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 31Oct17. This issuer is formerly known as PUNJAB NATIONAL BANK LIMITED 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+
check
Date Verified
30 Sep 2021
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
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
10-Nov-17 : Your investment
₹90,50,000
10-Nov-18 : Interest
₹90,50,000
10-Nov-19 : Interest
₹90,50,000
10-Nov-20 : Interest
₹90,50,000
10-Nov-21 : Interest
₹90,50,000
10-Nov-22 : Interest
₹90,50,000
10-Nov-23 : Interest
₹90,50,000
10-Nov-24 : Interest
₹90,50,000
10-Nov-25 : Interest
₹90,50,000
10-Nov-26 : Interest
₹83,55,753
11-Oct-27 : Interest
₹18,98,05,753
11-Oct-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,98,05,753)

Summary

Instrument Attributes

Value

Coupon Rate

9.05%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE695A08063 issued by Punjab National Bank

The instrument name of INE695A08063 ISIN is PUNJAB NATIONAL BANK SR-XI 9.05 BD 10NV27 FVRS10LAC.
The interest earned from INE695A08063 bond issued by Punjab National Bank is paid Annually, ensuring regular and consistent income for investors.
This INE695A08063 bond issued by Punjab National Bank has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 9.05%, which determines the periodic interest payments made to bondholders.
The INE695A08063 Bond is issued by Punjab National Bank, a PSU company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow