Bond Directory / THE SOUTH INDIAN BANK LTD.

THE SOUTH INDIAN BANK LTD.

ACTIVE

10.25% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES A. LETTER OF ALLOTMENT. DATE OF MATURITY 31/10/2025

ISIN

INE683A08028

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Essentials

Coupon Rate (Returns)

10.25%

Rating

INDIA RATING AND RESEARCH PVT. LTD

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

3 years 2 months

Oct 31, 2025

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

₹10,00,000

Security class

Bond

Listing details

BSE

Debenture Trustee

IDBI TRUSTEESHIP SERVICES LIMITED

Issue

Private

Issuer Details

THE SOUTH INDIAN BANK LTD.

Business Sector

169

Issuer Nature type

Bank

Issuer Ownership

Non PSU

Factors

Issue Size

Large

Rating Category*

A

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

*Rating Agency -INDIA RATING AND RESEARCH PVT. LTD

Factors

Issue Size

Large

Rating Category*

A

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

*Rating Agency - INDIA RATING AND RESEARCH PVT. LTD

Note: 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.

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What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

A

(Dec 09, 2019)

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

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

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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Documents required for KYC

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Demat details

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