I'm planning to invest in a Perpetual Bond issued by SBI with 11% coupon. These are bonds with no fixed maturity date and regular income is received from the coupons it distributes. The higher coupon rate because of inbuilt call option makes it a good option to invest in. However, there are certain associated risks like interest rate, liquidity, default, call and subordination risks.
Do you think there are more risks associated with it? What is your view on investing in such bonds?

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