Bond Directory / DCB BANK LIMITED

DCB BANK LIMITED

ACTIVE

9.35% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER II BONDS LETTER OF ALLOTMENT DATE OF MATURITY 28/03/2033

ISIN

INE503A08051

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Essentials

Coupon Rate (Returns)

9.35

Rating

AA-  CRISIL RATINGS LIMITED

Interest Payment Frequency

SEMI ANNUALLY

Two Times Every Year

Maturity after

9 years

Mar 28, 2033

Face Value

₹1,00,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

300 Crores

Issue Price

₹1,00,00,000

Security class

Bond

Listing details

NSE & BSE

Debenture Trustee

IDBI Trusteeship Services Limited

Issue

Private Placement (EBP)

Issuer Details

DCB BANK LIMITED

Business Sector

169

Issuer Nature type

Bank

Issuer Ownership

Non PSU

Factors

*Rating Agency -CRISIL RATINGS LIMITED

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Issue Type

Private Placement (EBP)

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Issue Type

Private Placement (EBP)

Coupon Type

Simple

*Rating Agency - CRISIL RATINGS LIMITED

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.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AA-

(Mar 03, 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

4

-

Repayment Priority

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

None

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

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

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

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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