Security Name: 7.74% Punjab and Sind Bank 20 Dec 2034
ISIN:
INE608A08058
Taxable
Tax Category
20 Dec, 2034
Maturity Date
(9 Yr 6 Mo 20 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
20 Dec, 2024
Allotment Date
NA
Put Date
20 Dec, 2025
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
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
7.74%
Coupon
Fixed Interest
Coupon Basis
7.4885%
Current Yield
05 Dec, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*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
Punjab and Sind Bank
Punjab & Sind Bank (PSB), established in 1908, is a mid-sized corporate focused public sector bank based out of New Delhi that operates through a network of 1,531 branches as on June 30, 2021, with branch concentration in North India. It was nationalized in the year 1980.
The ratio in FY24 is 1.31x as compared to 1.42x in FY23. Although debt has increased and EBITDA has decreased, the percentage change in debt might be lower compared to the percentage decrease in EBITDA. The Debt/EBITDA ratio is sensitive to both factors, and the slight increase in debt may not have worsened the ratio significantly.
Debt/EBITDA
The ratio in FY24 is 1.09x and in FY23 it was 1.26x ,indicating decrease in debt servicing ability of the issuer due to increase in the Interest on deposits and Interest on Reserve Bank of India/Inter-bank borrowings which led to overall increase in finance cost .
Interest coverage ratio
Recent News
Sind Bank appoints Arnab Goswami as CFO
Apr 10, 2024 | Punjab and Sind Bank
Punjab & Sind Bank launches outreach program to boost credit growth in retail, agri & MSME sector
Apr 10, 2024 | Punjab and Sind Bank
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Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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 INE608A08058 |
|---|
| 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). |
|---|
| Security Name |
|---|
| 7.74% Punjab and Sind Bank 20 Dec 2034 |
| Credit Rating |
|---|
| AA / Stable by CRISIL AA Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 7.740000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 20/12/2034 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jun 03,2025 |
| Principal Amount |
|---|
| ₹1,03,358 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,03,358 |
| Price |
|---|
| ₹103.358 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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.
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