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Instrument Details

ISIN: INE649A08029

Face value

₹10,00,000

Coupon rate

8.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

High

Date of Issue

30 Dec 2015

Maturity Date

30 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CARE Ratings)

Call Option

Not 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-XV 8.4 LOA 30DC25 FVRS10LAC
State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE649A08029, with a face value of ₹10,00,000 rs on 30Dec15 to raise 500 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.4% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. SERIES XV.LETTER OF ALLOTMENT. DATE OF MATURITY 30/12/2025. 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 14Jan16. CARE Ratings Limited has given AAA rating to this Bond on 30Dec15. 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
11 Sep 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
30-Dec-15 : Your investment
₹84,00,000
30-Dec-16 : Interest
₹84,00,000
30-Dec-17 : Interest
₹84,00,000
30-Dec-18 : Interest
₹84,00,000
30-Dec-19 : Interest
₹84,00,000
30-Dec-20 : Interest
₹84,00,000
30-Dec-21 : Interest
₹84,00,000
30-Dec-22 : Interest
₹84,00,000
30-Dec-23 : Interest
₹84,00,000
30-Dec-24 : Interest
₹84,00,000
30-Dec-25 : Interest
₹18,40,00,000
30-Dec-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,40,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.40%

Returns

High

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 INE649A08029 issued by State Bank Of India

The instrument name of INE649A08029 ISIN is STATE BANK OF INDIA SR-XV 8.4 LOA 30DC25 FVRS10LAC.
The interest earned from INE649A08029 bond issued by State Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE649A08029 bond issued by State Bank Of India has been assigned a credit rating of AAA by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.4%, which determines the periodic interest payments made to bondholders.
The INE649A08029 Bond is issued by State Bank Of India, a PSU company.
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