Instrument Details

ISIN: INE608A08017

Face value

₹10,00,000

Coupon rate

7.99%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

Medium

Date of Issue

19 Oct 2016

Maturity Date

19 Oct 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

PUNJAB AND SIND BANK SR-XIV 7.99 LOA 19OT26 FVRS10LAC
Punjab And Sind Bank, a Finance company, has floated Bond, having ISIN value as INE608A08017, with a face value of ₹10,00,000 rs on 19Oct16 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.99% 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 7.99% UNSECURED REDEEMABLE NON CONVERTIBLE FULLY PAID UP BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES XIV. LETTER OF ALLOTMENT. DATE OF MATURITY 19/10/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 24Oct16 & on BSE stock exchange on 24Oct16. CRISIL RATINGS LIMITED has given AA rating to this Bond on 23Sep16. 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
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Date Verified
18 Aug 2023
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Outlook
Stable
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Seniority in Repayment
None
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
19-Oct-16 : Your investment
₹79,90,000
19-Oct-17 : Interest
₹79,90,000
19-Oct-18 : Interest
₹79,90,000
19-Oct-19 : Interest
₹79,90,000
19-Oct-20 : Interest
₹79,90,000
19-Oct-21 : Interest
₹79,90,000
19-Oct-22 : Interest
₹79,90,000
19-Oct-23 : Interest
₹79,90,000
19-Oct-24 : Interest
₹79,90,000
19-Oct-25 : Interest
₹79,90,000
19-Oct-26 : Interest
₹17,99,00,000
19-Oct-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,99,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.99%

Returns

Medium

Bond Rating

AA

Seniority in Repayment

None

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
Private Sector

FAQs about INE608A08017 issued by Punjab And Sind Bank

The instrument name of INE608A08017 ISIN is PUNJAB AND SIND BANK SR-XIV 7.99 LOA 19OT26 FVRS10LAC.
The interest earned from INE608A08017 bond issued by Punjab And Sind Bank is paid Annually, ensuring regular and consistent income for investors.
This INE608A08017 bond issued by Punjab And Sind 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 7.99%, which determines the periodic interest payments made to bondholders.
The INE608A08017 Bond is issued by Punjab And Sind Bank, a Private Sector company.