9.75% The Federal Bank Limited - AA Rated (INE171A08024)

The Federal Bank Limited, a Private Sector Bank company, has floated Bond, having ISIN value as INE171A08024, with a face value of ₹10,00,000 rs on 20Jun19 to raise 300 crores. The debt instrument is issued with a coupon rate of 9.75% 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 9.75% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 SUBORDINATED BONDS IN THE NATURE OF DEBENTURES. SERIES 1. DATE OF MATURITY 20/06/2029. 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 02Jul19 & on NSE stock exchange on 02Jul19. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 29Jan19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.