Bond Directory / THE LAKSHMI VILAS BANK LIMITED

THE LAKSHMI VILAS BANK LIMITED

ACTIVE

11.50% UNSECURED REDEEMABLE NON-CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. LETTER OF ALLOTMENT. SERIES- IX. DATE OF MATURITY 30/09/2025

ISIN

INE694C08062

Copied

Essentials

Coupon Rate (Returns)

11.5%

Rating

BB+  CARE Ratings Limited

Interest Payment Frequency

SEMI ANNUALLY

Two Times Every Year

Maturity after

1 years 7 months

Sep 30, 2025

Face Value

₹5,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

140.10 Crores

Issue Price

₹5,00,000

Security class

Bond

Listing details

NSE & BSE

Debenture Trustee

IDBI TRUSTEESHIP SERVICES LIMITED

Issue

Private

Issuer Details

THE LAKSHMI VILAS BANK LIMITED

Business Sector

Finance

Issuer Nature type

Bank

Issuer Ownership

Non PSU

Factors

*Rating Agency -CARE Ratings Limited

Issue Size

Large

Rating Category*

BB

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

BB

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

*Rating Agency - CARE 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

BB+

(Oct 10, 2019)

Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

Credit Outlook

Negative

A Negative outlook indicates that the Rating may be lowered

Rating Watch

Not Applicable

Not Applicable

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

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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