INVESTMENT IN 8.50% PERPETUAL BONDS OF BANK OF BARODA (BOB) – ATTRACTIVE FIXED INCOME OPPORTUNITY
Resident as well as Non-Resident Indian (through NRO bank A/c) investors can avail this attractive investment opportunity.
Face Value of each bond is Rs.10,00,000 which is currently available at a minor premium.
The bonds are perpetual in nature, with a call option (repayment) with the bank after 4 years.
The net return on investment from such bonds, the Yield To Call (YTC) is above 8% at present.
The bank can refuse interest payment for a particular year, in case of financial distress. However, chances of such an event are rare since BOB is a prime Public Sector Bank with strong financial backing and creditworthiness.
Interest income received is taxable.
Ashutosh Investment Services
A Division of
ASHUTOSH FINANCIAL SERVICES PVT. LTD.
•Investments •Insurance •Income Tax & Estate Planning •NRI Services
Mobile No.: +91 85112 20205 / 93773 35959
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