9.25% JAMMU AND KASHMIR BANK LIMITED 2024

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

Bond's Rating

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

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

3y 0m 26d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Annual

Issue Size (in Crores)

500.00

Max. Available Quantity

3

TDS on Interest

No

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

No

Security

Unsecured


Remarks

Please Consider The Risk Before Investing.