Instrument Details

ISIN: INE651A08041

Face value

₹10,00,000

Coupon rate

8.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Bond

Returns

High

Date of Issue

31 Dec 2015

Maturity Date

31 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL 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-I 8.4 BD 31DC25 FVRS10LAC
State Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE651A08041, with a face value of ₹10,00,000 rs on 31Dec15 to raise 300 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 IN THE NATURE OF DEBENTURES. SERIES I. DATE OF MATURITY 31/12/2025. 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 06Jan16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 22Dec15. 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
01 Mar 2022
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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
31-Dec-15 : Your investment
₹84,00,000
31-Dec-16 : Interest
₹84,00,000
31-Dec-17 : Interest
₹84,00,000
31-Dec-18 : Interest
₹84,00,000
31-Dec-19 : Interest
₹84,00,000
31-Dec-20 : Interest
₹84,00,000
31-Dec-21 : Interest
₹84,00,000
31-Dec-22 : Interest
₹84,00,000
31-Dec-23 : Interest
₹84,00,000
31-Dec-24 : Interest
₹84,00,000
31-Dec-25 : Interest
₹18,40,00,000
31-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 INE651A08041 issued by State Bank Of India

The instrument name of INE651A08041 ISIN is STATE BANK OF INDIA SR-I 8.4 BD 31DC25 FVRS10LAC.
The interest earned from INE651A08041 bond issued by State Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE651A08041 bond issued by State Bank Of India has been assigned a credit rating of AAA by CRISIL 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 INE651A08041 Bond is issued by State Bank Of India, a PSU company.