7.63% Aditya Birla Sun Life Insurance Company Limited - AA Rated (INE951F08036)

Aditya Birla Sun Life Insurance Company Limited, a Finance company, has floated Debenture, having ISIN value as INE951F08036, with a face value of ₹10,00,000 rs on 30Nov21 to raise 155 crores. The debt instrument is issued with a coupon rate of 7.63% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 7.63% UNSECURED LISTED RATED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 30/11/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 01Dec21 & on BSE stock exchange on 01Dec21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 18Nov21. This issuer is formerly known as BIRLA SUN LIFE INSURANCE COMPANY LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.