Bond Directory / THE JAMMU AND KASHMIR BANK LIMITED

THE JAMMU AND KASHMIR BANK LIMITED

ACTIVE

9.25% UNSECURED REDEEMBALE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. SERIES A. DATE OF MATURITY 27/12/2024

ISIN

INE168A08046

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Essentials

Coupon Rate (Returns)

9.25%

Rating

A+  INDIA RATING AND RESEARCH PVT. LTD

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

5 months

Dec 27, 2024

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

500 Crores

Issue Price

₹9,00,001

Security class

Bond

Listing details

BSE

Debenture Trustee

IDBI Trusteeship Services Limited

Issue

Private Placement

Issuer Details

THE JAMMU AND KASHMIR BANK LIMITED

Business Sector

169

Issuer Nature type

Bank

Issuer Ownership

Public Sector Undertaking (PSU)

Factors

*Rating Agency -INDIA RATING AND RESEARCH PVT. LTD

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - INDIA RATING AND RESEARCH PVT. LTD

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

A+

(Mar 31, 2020)

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

Credit Outlook

Positive

Credit Outlook is positive and hence credit rating of the bond is not likely to change adversely in near future.

Rating Watch

4

-

Repayment Priority

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

Subordinate Tier 2

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

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Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

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