Security Name: 9.50% UCO Bank (P) Call: 17 Mar 2028
ISIN:
INE691A08096
Taxable
Tax Category
17 Mar, 2028
Call Date
(2 Yr 10 Mo to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
17 Mar, 2023
Allotment Date
NA
Put Date
17 Mar, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
9.5%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
02 Mar, 2026
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
UCO Bank
UCO Bank, incorporated in 1943, is a Kolkata-based mid-sized public sector bank that operates through a network of 3,073 branches, with concentration in North and East India. Bank got its current name by an Act of Parliament in 1985. In 2003, the bank made its initial public offering, resulting in dilution of government ownership.
The ratio in FY24 is 1.64x and it was 1.68x in FY23, indicating slight decrease in debt levels due to its gross NPA ratio fell to 3.46 percent for Q4FY24 from 4.78 percent in the same quarter of the previous financial year, ensuring an improvement in asset quality.
Debt/EBITDA
The ratio in FY24 is 1.12x and it was 1.18x in FY23, indicating decrease in the issuer's debt servicing ability due to increase in Interest on Deposits and Interest on Reserve Bank of India/Interbank Borrowings which resulted in increase in the overall finance cost of the issuer.
Interest coverage ratio
Recent News
UCO Bank has no requirement for raising fresh capital this fiscal
Apr 05, 2024 | UCO Bank
Bank of Maharashtra, UCO Bank, among 5 PSUs to reduce govt shareholding amid MPS norms
Apr 05, 2024 | UCO Bank
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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, send a request for the Information Memorandum. You will receive an email shortly.
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 INE691A08096 |
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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% UCO Bank (P) Call: 17 Mar 2028 |
| Credit Rating |
|---|
| AA- Stable by IVR AA- Stable by ACUITE AA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,00,000 |
| Coupon |
|---|
| 9.500000% |
| YTM or YTC |
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| YTC |
| Call Date |
|---|
| 17/03/2028 |
| Security |
|---|
| Unsecured Subordinated Tier 1 |
| 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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| ₹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.
