9.25% JAMMU AND KASHMIR BANK LIMITED 2024

Information Memorandum (I.M.)
INE168A08046
*(Eligible Investors - Individual,HUF,Corporate,Trust ) High Return bond

Bond's Rating

Rating Agency Rating Remarks Rating Rationale
INDIA RATING A+ Negative - -
BRICKWORK (BWR) AA- Negative - -

Issuer's Type

Private Bank

About Issuer :

J&K Bank functions as a universal bank in the Union Territories of Jammu & Kashmir and Ladakh and as a specialised bank in the rest of the country. It is also designated as RBI’s agent for banking business, and carries out the banking business of the Union Territories of Jammu & Kashmir and Ladakh, besides collecting central taxes for CBDT.

Issuer's Link

https://www.jkbank.com/

Issuer's Financial Link

https://www.jkbank.com/investor/financials/annualReports.php

A Quick Highlight. Face Value (In INR) and Issue Size (In INR Crores)

Face Value

10,00,000.00

Coupon Rate

9.2500% (Fix)

Issue Date

28/Dec/2017

Maturity Date

27/Dec/2024

Remaining Period

0y 8m 8d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Annual

Issue Size (in Crores)

500.00

Max. Available Quantity

1

TDS on Interest

Yes

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

No

Security

Unsecured

Remarks

Investments in debt securities are subject to risks. Read all the offer related documents carefully.