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IDFC First Bank Limited 9.5% 2028 Bond

ISININE688I08053

IDFC FIRST BANK LIMITED SR-3 9.5 NCD 17MY28 FVRS10LAC

IDFC First Bank Limited is a corporate (non-PSU) issuer in the Finance sector. This directory lists 8 of its bonds.

Key terms

Issue date
17 May 2013
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement
Sector
Finance
Issuer type
Corporate
Issuer nature
Bank

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

Brickwork AA+ / StableCARE AA+ / Stable

AA+most conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AA-grade bonds are judged to have a very strong capacity to repay, only marginally weaker than AAA. They are considered high safety, with low sensitivity to adverse business or economic conditions. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: BWR AA+/Stable;CARE AA+/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 9.46% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

15 scheduled payments through 17 May 2028; final payment ₹10,95,000 per bond.

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