Bond Directory / PUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK

DELETED

9.15% Unsecured Redeemable Bonds in the form of Promissory Notes-Series XII. Letter of Allotment.Date of Maturity 16/04/2016

ISIN

INE160A09132

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Essentials

Coupon Rate (Returns)

9.15%

Rating

AAA  ICRA LIMITED

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

-8 years -1 months

Apr 16, 2016

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

-

Issue Price

₹10,00,000

Security class

Bond

Listing details

NSE

Debenture Trustee

IDBI TRUSTEESHIP SERVICES LTD.

Issue

Private Placement

Issuer Details

PUNJAB NATIONAL BANK

Business Sector

168

Issuer Nature type

Bank

Issuer Ownership

Public Sector Undertaking (PSU)

Factors

*Rating Agency -ICRA LIMITED

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - ICRA LIMITED

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AAA

(Nov 19, 2013)

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

Credit Outlook

Not Applicable

Not Applicable

Rating Watch

Not Applicable

Not Applicable

Repayment Priority

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

Subordinate Tier 2-Lower

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

What other details I need to know?

Other Important bond related information that can help you with decision making

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How do I buy this bond?

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