Instrument Details

ISIN: INE556F08JQ4

Face value

₹10,00,000

Coupon rate

4.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

Medium

Date of Issue

18 Aug 2020

Maturity Date

18 Aug 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 4.90 BD 18AG23 FVRS10LAC
Small Industries Development Bank Of India, a Financial Institution company, has floated Bond, having ISIN value as INE556F08JQ4, with a face value of ₹10,00,000 rs on 18Aug20 to raise 500 crores. The debt instrument is issued with a coupon rate of 4.90% 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 4.90% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND. SERIES I OF 2020-21. DATE OF MATURITY: 18/08/2023. 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 27Aug20. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 18Aug20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Subordinate Tier 1
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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
18-Aug-20 : Your investment
₹49,00,000
18-Aug-21 : Interest
₹49,00,000
18-Aug-22 : Interest
₹49,00,000
18-Aug-23 : Interest
₹11,47,00,000
18-Aug-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,47,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

4.90%

Returns

Medium

Bond Rating

WITHDRAWN

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Financial Institution
Head Office
HEAD OFFICE
Lucknow
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE556F08JQ4 issued by Small Industries Development Bank Of India

The instrument name of INE556F08JQ4 ISIN is SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 4.90 BD 18AG23 FVRS10LAC.
The interest earned from INE556F08JQ4 bond issued by Small Industries Development Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE556F08JQ4 bond issued by Small Industries Development Bank Of India has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 4.9%, which determines the periodic interest payments made to bondholders.
The INE556F08JQ4 Bond is issued by Small Industries Development Bank Of India, a Private Sector company.