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STATE BANK OF INDIA

High Safety

High Safety

ISIN

INE062A08413

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Essentials - Bank AT1 Perpetual Bond

Coupon Rate (Returns)

8.3400 %

Rating

CRISIL  AA+

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity Date

 NA

 

Yield to Call (YTC)

8.0947 %

Effective Returns

Security Class

Bond

Next Interest Payment Date

Jan 19, 2025

Allotment Date

Jan 19, 2024

Call date

Jan 19, 2034

9 years 10 months

Put date

-

Coupon Type

Fixed Interest

Calculate Investment

Minimum bond quantity is

Choose number of bonds you want to buy

Bond Value Details

Face Value

₹ 1,00,00,000.00

Market Value

₹ 1,01,55,000.00

Principal Amount

(Market value * no. of bonds)

₹ 1,01,55,000.00

Accrued Interest
till Feb 27, 2024

(Interest earned on the bond this year)

88,869

Total Investment

₹ 1,02,43,868.85

×

IDBI Trusteeship Services Limited

Issue Details

Issue Size

₹ 5000 Crores

Private Issue

Listing details

Yes

Debenture Trustee

IDBI Trusteeship Services Limited

Issuer Details

STATE BANK OF INDIA

Founded in 2006

Business Sector

Finance

Alankit Assignments Limited

Registrar Details

Alankit Assignments Limited

Ownership

Public Sector Undertaking (PSU)

Security Name

STATE BANK OF INDIA SR 2 8.34 PP BD FVRS1CR

STATE BANK OF INDIA SR 2 8.34 PP BD FVRS1CR

STATE BANK OF INDIA SR 2 8.34 PP BD FVRS1CR

Factors

Yield

Moderate

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Issue Type

Private

*Rating Agency -CRISIL

Note: Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government). The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times.

Factors

Yield

Moderate

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Issue Type

Private

*Rating Agency - CRISIL

What can I earn?

Your investment will yield regular returns across the tenure


Your Investment

₹ ₹ 1,02,43,868.85


Principal Amount

₹ ₹ 1,01,55,000.00

+

Accrued Interest

₹ 88,869

Final Payout


Principal Payout

₹ ₹ 1,02,43,868.85

+

Interest Payout

₹ 83,40,000.000000

Year

Payment Schedule (Date)

Interest Payout (₹)

2025

19 Jan

₹ 8,34,000.00

2026

19 Jan

₹ 8,34,000.00

2027

19 Jan

₹ 8,34,000.00

2028

19 Jan

₹ 8,34,000.00

2029

19 Jan

₹ 8,34,000.00

2030

19 Jan

₹ 8,34,000.00

2031

19 Jan

₹ 8,34,000.00

2032

19 Jan

₹ 8,34,000.00

2033

19 Jan

₹ 8,34,000.00

₹ 0

Your Investment

Total Investment

₹ 1,02,43,868.85

Final Payout

Total Payout

1,83,40,000.000000

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

Final Payout

Total Payout

1,83,40,000.000000

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

AA+

(Oct 26, 2023)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

Under Watch

Not Applicable

Not Applicable

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Repayment Priority

Higher the level, higher the priority of investment repayment on default

Additional Tier 1

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Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

gurantee icon

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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