The South Indian Bank Limited

Banks

corporate

Tenure
3Y 3M
About Issuer
This A+ rated bond from from The South Indian Bank Limited, a corporate, offers a Fixed coupon of 11.75% with maturity on 26 June 2029. Issued through the Private placement as under ISIN INE683A08044, rated as a moderately high credit quality instrument, it offers a compelling opportunity for investors seeking a balance between safety and enhanced yield. Well-suited for investors with a moderately conservative risk appetite, this bond provides better income potential than top-rated instruments, while maintaining a strong credit profile.
Summary
Interest
Interest
Half Yearly
Principal
Principal
At maturity
COUPON RATE
11.75%
FACE VALUE
-
MATURITY DATE
26 Jun 2029
SECTOR
corporate
COLLATERAL SECURITY
Unsecured
TAX STATUS
Taxable
TRUSTEE
-
ISIN
INE683A08044
Credit rating
Rating
CARE A+
Rating Agency
CARE Ratings
Date of Rating
28 Sep 2023
Other details
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