Instrument Details

ISIN: INE691A08088

Face value

₹1,00,00,000

Coupon rate

8.51%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

31 Mar 2022

Maturity Date

31 Mar 2032

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (INDIA Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

UCO BANK SR V 8.51 BD 31MR32 FVRS1CR
Uco Bank, a Finance company, has floated Debenture, having ISIN value as INE691A08088, with a face value of ₹1,00,00,000 rs on 31Mar22 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.51% 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 Debenture is 8.51%UNSECURED RATED LISTED BASEL III TIER II BONDS IN THE NATURE OF NON CONVERTIBLE DEBENURE.SERIES V.DATE OF MATURITY 31/03/2032. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 04Apr22. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Debenture on 17Dec21. This issuer is formerly known as THE UNITED COMMERCIAL BANK LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA-
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Date Verified
18 Dec 2023
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Outlook
Positive
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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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
31-Mar-22 : Your investment
₹8,51,00,000
31-Mar-23 : Interest
₹8,51,00,000
31-Mar-24 : Interest
₹8,51,00,000
31-Mar-25 : Interest
₹8,51,00,000
31-Mar-26 : Interest
₹8,51,00,000
31-Mar-27 : Interest
₹8,51,00,000
31-Mar-28 : Interest
₹8,51,00,000
31-Mar-29 : Interest
₹8,51,00,000
31-Mar-30 : Interest
₹8,51,00,000
31-Mar-31 : Interest
₹8,51,00,000
31-Mar-32 : Interest
₹1,85,10,00,000
31-Mar-32 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹85,10,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.51%

Returns

High

Bond Rating

AA-

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Kolkata
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE691A08088 issued by Uco Bank

The instrument name of INE691A08088 ISIN is UCO BANK SR V 8.51 BD 31MR32 FVRS1CR.
The interest earned from INE691A08088 bond issued by Uco Bank is paid Annually, ensuring regular and consistent income for investors.
This INE691A08088 bond issued by Uco Bank has been assigned a credit rating of AA- by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.51%, which determines the periodic interest payments made to bondholders.
The INE691A08088 Debenture is issued by Uco Bank, a Private Sector company.