BOND DETAILS
Magma Hdi General Insurance Company Limited 9.7% Bond · 20 Mar 2034
INE312X08034UnsecuredReported as listedAnnual coupon rate9.7%On face value · not yield
Maturity date20 Mar 2034
7.5 years left
Face value per bond₹1,00,000Not a market price or minimum order
Credit rating
Bond terms
- Coupon frequency
- Annual
- Interest type
- Fixed Interest
- Face value
- ₹1,00,000
- Allotment date
- 20 Mar 2024
- Security
- Unsecured
- Seniority
- Subordinate Tier 2
- Day-count convention
- Actual/actual
- Reported tax category
- Taxable
Interest & repayment
Interest payments
Once a year
Redemption terms
Full Redemption
Call provisions
At the end of 5 years from the date of allotment i.e. on 20th March 2029, 20th March 2030, 20th March 2031, 19th March 2032, 18th March 2033.,Atleast 21 calendar days prior to the relevant Cal,21 calendar days prior to the relevant Call option,
Put provisions
Put terms are not available. Check whether you can request early repayment.
Credit ratings
| AGENCY | RATING | RATING DATE | OUTLOOK |
|---|---|---|---|
| CARE RATINGS LIMITED | AA | 20 Mar 2024 | Not available |
Ratings can change. Check the agency’s latest report for this ISIN. How to read ratings
Issuer & listing details
- Issuer
- Magma Hdi General Insurance Company Limited
- ISIN
- INE312X08034
- Debenture trustee
- Axis Trustee Services Limited
- Registrar
- Niche Technologies Private Limited
- NSE · reported status
- To be listed
- BSE · reported status
- Listed
- Security name
- MAGMA HDI GENERAL INSURANCE COMPANY LIMITED 9.70 NCD 20MR34 FVRS1LAC
- Bond description
- 9.70% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE DATE OF MATURITY 20/03/2034
CONTINUE YOUR RESEARCH