Instrument Details

ISIN: INE160A08191

Face value

₹1,00,00,000

Coupon rate

7.10%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1919

Instrument Type

Bond

Returns

Medium

Date of Issue

18 Nov 2021

Maturity Date

18 Nov 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (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

PUNJAB NATIONAL BANK SR XXIV 7.10 LOA 18NV31 FVRS1CR
Punjab National Bank, a Finance company, has floated Bond, having ISIN value as INE160A08191, with a face value of ₹1,00,00,000 rs on 18Nov21 to raise 1919 crores. The debt instrument is issued with a coupon rate of 7.10% 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 7.10% UNSECURED SUBORDINATED NON CONVERTIBLE BASEL III TIER II COMPLIANT FULLY PAID UP BOND INSTRUMENTS IN THE NATURE OF DEBENTURES. SERIES XXIV. LETTER OF ALLOTMENT.DATE OF MATURITY 18/11/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 23Nov21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 16Nov21. 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
AAA
Highest Safety
AAA
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Date Verified
15 Sep 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
18-Nov-21 : Your investment
₹7,10,00,000
18-Nov-22 : Interest
₹7,10,00,000
18-Nov-23 : Interest
₹7,10,00,000
18-Nov-24 : Interest
₹7,10,00,000
18-Nov-25 : Interest
₹7,10,00,000
18-Nov-26 : Interest
₹7,10,00,000
18-Nov-27 : Interest
₹7,10,00,000
18-Nov-28 : Interest
₹7,10,00,000
18-Nov-29 : Interest
₹7,10,00,000
18-Nov-30 : Interest
₹7,10,00,000
18-Nov-31 : Interest
₹1,71,00,00,000
18-Nov-31 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹71,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.10%

Returns

Medium

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
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE160A08191 issued by Punjab National Bank

The instrument name of INE160A08191 ISIN is PUNJAB NATIONAL BANK SR XXIV 7.10 LOA 18NV31 FVRS1CR.
The interest earned from INE160A08191 bond issued by Punjab National Bank is paid Annually, ensuring regular and consistent income for investors.
This INE160A08191 bond issued by Punjab National Bank has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.1%, which determines the periodic interest payments made to bondholders.
The INE160A08191 Bond is issued by Punjab National Bank, a PSU company.