BOND DETAILS
Magma Hdi General Insurance Company Limited 9.7% Bond · 28 Dec 2033
INE312X08026UnsecuredReported as listedAnnual coupon rate9.7%On face value · not yield
Maturity date28 Dec 2033
7.3 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
- 28 Dec 2023
- 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 28 th December 2028, 28 th December 2029, 27 th December 2030, 26 th December 2031 and 28 th,Atleast 21 calendar days prior to the relevant Cal,21 calendar days prior to the relevant Call option,NA
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 | 28 Dec 2023 | 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
- INE312X08026
- 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 28DC33 FVRS1LAC
- Bond description
- 9.70% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE SUBORINATE TIER 2 DEBENTURE DATE OF MATURITY 28/12/2033
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