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Instrument Details

ISIN: INE062A08264

Face value

₹10,00,000

Coupon rate

5.83%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

5000

Instrument Type

Bond

Returns

Medium

Date of Issue

26 Oct 2020

Maturity Date

26 Oct 2030

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

STATE BANK OF INDIA SR III 5.83 BD 26OT30 FVRS10LAC
State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE062A08264, with a face value of ₹10,00,000 rs on 26Oct20 to raise 5000 crores. The debt instrument is issued with a coupon rate of 5.83% 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 5.83% UNSECURED LISTED RATED NON CONVERTIBLE TAXABLE REDEEMABLE SUBORDINATED FULLY PAID UP BASEL III COMPLAINT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES III. DATE OF MATURITY 26/10/2030. 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 29Oct20 & on NSE stock exchange on 29Oct20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 19Oct20. 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
25 Jun 2024
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
26-Oct-20 : Your investment
₹58,30,000
26-Oct-21 : Interest
₹58,30,000
26-Oct-22 : Interest
₹58,30,000
26-Oct-23 : Interest
₹58,30,000
26-Oct-24 : Interest
₹58,30,000
26-Oct-25 : Interest
₹58,30,000
26-Oct-26 : Interest
₹58,30,000
26-Oct-27 : Interest
₹58,30,000
26-Oct-28 : Interest
₹58,30,000
26-Oct-29 : Interest
₹58,30,000
26-Oct-30 : Interest
₹15,83,00,000
26-Oct-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,83,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.83%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Public Sector Bank
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE062A08264 issued by State Bank Of India

The instrument name of INE062A08264 ISIN is STATE BANK OF INDIA SR III 5.83 BD 26OT30 FVRS10LAC.
The interest earned from INE062A08264 bond issued by State Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE062A08264 bond issued by State Bank Of India 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 5.83%, which determines the periodic interest payments made to bondholders.
The INE062A08264 Bond is issued by State Bank Of India, a PSU company.
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