Security Name: 9.55% Canara Bank (P) Call : 05 Mar 2025
ISIN: INE476A08035
Taxable
Tax Category
05 Mar, 2025
Call Date
(-5 Mo -26 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
05 Mar, 2015
Allotment Date
NA
Put Date
05 Mar, 2025
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
9.55%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
18 Feb, 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
Canara Bank
Canara Bank is one of the leading public sector banks, it was incorporated in the year 1906 and nationalized by the government in 1969. The bank in headquartered in Bangalore and has a nation-wide presence with 10000 domestic branches and 13400 ATMs. In Apr-20 Syndicate Bank was merged with Canara Bank making it the fourth largest banks in India. In Dec-20, GoI reduced its stake in the bank from 78.55% to 69.33%
The ratio in FY24 is 0.66x and as compared to 0.91x in FY23, indicating reduction in debt level due to decrease in the borrowings from other institutions and agencies which result in decrease in overall borrowings.
Debt/EBITDA
The interest coverage ratio in FY24 is 1.20x as compared to 1.20x in FY23, indicating there are no changes in company debt servicing ability.
Interest coverage ratio
Recent News
Rekha Jhunjhunwala trims stake in multibagger Canara Bank & a smallcap
Apr 11, 2024 | Canara Bank
RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO
Dec 05, 2024 | Canara Bank
Canara Bank increases MCLR rates on these tenures
Dec 12, 2024 | Canara Bank
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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 INE476A08035 |
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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 |
|---|
| 9.55% Canara Bank (P) Call : 05 Mar 2025 |
| Credit Rating |
|---|
| AAA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.550000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 05/03/2025 |
| 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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| ₹0 |
| 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.
