Security Name: 9.50% The South Indian Bank Limited 28 May 2028
ISIN:
INE683A08036
Taxable
Tax Category
28 May, 2028
Maturity Date
(3 Yr 26 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
28 Nov, 2017
Allotment Date
NA
Put Date
28 May, 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
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
9.5%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
13 May, 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
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 FY24 is 0.57x and it was 1.31x in FY23, indicating decrease in debt level due to significant decrease in the borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.29x and it was 1.26x in FY23, indicating increased debt servicing ability of the issuer due to increase in profits and decrease in finance cost.
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
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STEPS TO BUY THIS BOND
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
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE683A08036 |
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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 |
|---|
| 9.50% The South Indian Bank Limited 28 May 2028 |
| Credit Rating |
|---|
| A+ Stable by IND A+ Stable by CARE |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 9.500000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
|---|
| 28/05/2028 |
| Security |
|---|
| Unsecured Subordinated Tier 1 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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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.
