Security Name: 11.75% The South Indian Bank Limited 26 Jun 2029
ISIN: INE683A08044
Taxable
Tax Category
26 Jun, 2024
Call Date
(-1 Yr -1 Mo -30 D to call)
Half Yearly
Interest Payment Frequency
No
NRI Eligibility
26 Mar, 2019
Allotment Date
NA
Put Date
Invalid date
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
11.75%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
Invalid date
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
The South Indian Bank Limited
Established in 1929, The South Indian Bank Limited (SIBL) was the first ‘scheduled bank’ amongst the private banks in Kerala. SIBL has no identifiable promoter and the shareholding pattern is well diversified. SIBL has a strong presence in South India and particularly in Kerala. As on March 31, 2021, SIBL had a network of 884 branches and 1,315 ATMs spread across the country.
The ratio in FY25 is 0.59x and it was 0.62x in FY24, indicating slight decrease in the debt level due to the bank focusing on optimizing its operations, leading to better margins and reduced costs, which positively impacted profitability.
Debt/EBITDA
The ratio in FY25 is 1.22x and it was 1.20x in FY24, indicating increase in debt servicing ability of the issuer due to Return on Assets (RoA) and Return on Equity (RoE) also improved, reflecting the bank's enhanced efficiency and profitability.
Interest coverage ratio
Recent News
South Indian Bank shares surge 10% as board approves terms of rights issue
Mar 27, 2024 | The South Indian Bank Limited
Federal Bank, South Indian Bank announce measures on co-branded credit cards
Mar 27, 2024 | The South Indian Bank Limited
South Indian Bank's Q1 net profit rises 10% amid NII fall
Jul 24, 2025 | The South Indian Bank Limited
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Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE683A08044 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
|---|
| 11.75% The South Indian Bank Limited 26 Jun 2029 |
| Credit Rating |
|---|
| A+ Stable by CARE A+ Stable by IND |
| Coupon Frequency |
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| Half Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 11.750000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 26/06/2024 |
| Security |
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| Unsecured Subordinated Tier 2 |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
