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11.75% THE SOUTH INDIAN BANK LIMITED 2029

FACE VALUE

₹ 100000

ISIN No.

INE683A08044

CREDIT RATING

A+

COUPON RATE

11.75%

RATE

RATING AGENCIES

CARE IND

IP FREQUENCY

Yearly

LAST INTEREST PAYMENT DATE

26/09/2024

MATURITY DATE

26/06/2029

GUARANTEED BY

NA

INSTRUMENT TYPE

UNSECURED

PUT DATE

NA

CALL DATE

NA

TYPE OF BONDS

High Return Bonds

Redemption Type

Bullet Redemption

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What are bonds?

A bond is a debt security where borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When you buy a bond, you are lending to the issuer, which may be a government, municipality, or corporation.


Is KYC process compulsory?

Yes, KYC is a regulatory requirement and thus, mandatory.


What Are Bonds (Investment)?

Governments, municipalities, and businesses can issue bonds as debt securities to raise money. Bond buyers effectively lend money to the issuer in return for regular interest payments and the principal amount returned when the bond matures.