Security Name: 9.75% The Jammu and Kashmir Bank Limited 30 Dec 2032
ISIN:
INE168A08087
Taxable
Tax Category
30 Dec, 2027
Call Date
(2 Yr 7 Mo 3 D to call)
Yearly
Interest Payment Frequency
No
NRI Eligibility
30 Dec, 2022
Allotment Date
NA
Put Date
30 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
Quote Not Available
Dirty Price
9.75%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
15 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
The Jammu and Kashmir Bank Limited
Jammu and Kashmir Bank is a Scheduled Commercial Bank and one of the oldest private sector Bank in India, incorporated in 1938 and headquartered at Srinagar. Bank functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh and is designated by Reserve Bank of India as its exclusive agent for carrying out banking business for the Government of Jammu & Kashmir and Ladakh. J&K bank caters to banking requirements of various customer segments and offers a wide range of retail credit products, including home, personal loans, education loan, agriculture, trade credit and consumer lending, a number of unique financial products tailored to the needs of various customer segments.
The ratio in FY24 is 0.37x as compared to 0.50x in FY23, indicating decrease in the debt level due to slight decrease in borrowings .
Debt/EBITDA
The ratio in FY24 is 1.29x and it was 1.26x in FY23, indicating increase in debt servicing ability of the issuer due to increase in profitability in FY24.
Interest coverage ratio
Recent News
The Bank's Zonal Head Sanjeev Kumar inaugurated the CRM
May 31, 2023 | The Jammu and Kashmir Bank Limited
Jammu & Kashmir Bank Q3 gross advances grow 14.13% YoY; stock jumps 2%
Mar 27, 2024 | The Jammu and Kashmir 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
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Total Investment
| Cashflow for INE168A08087 |
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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 |
|---|
| 9.75% The Jammu and Kashmir Bank Limited 30 Dec 2032 |
| Credit Rating |
|---|
| A+ / Positive by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,00,000 |
| Coupon |
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| 9.750000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 30/12/2027 |
| 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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| ₹NaN |
| 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.
