Instrument Details

ISIN: INE951F08036

Face value

₹10,00,000

Coupon rate

7.63%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

155

Instrument Type

Debenture

Returns

Medium

Date of Issue

30 Nov 2021

Maturity Date

30 Nov 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED 7.63 NCD 30NV31 FVRS10LAC
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.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
30 Nov 2021
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 1
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
30-Nov-21 : Your investment
₹76,30,000
30-Nov-22 : Interest
₹76,30,000
30-Nov-23 : Interest
₹76,30,000
30-Nov-24 : Interest
₹76,30,000
30-Nov-25 : Interest
₹76,30,000
30-Nov-26 : Interest
₹76,30,000
30-Nov-27 : Interest
₹76,30,000
30-Nov-28 : Interest
₹76,30,000
30-Nov-29 : Interest
₹76,30,000
30-Nov-30 : Interest
₹76,30,000
30-Nov-31 : Interest
₹17,63,00,000
30-Nov-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,63,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.63%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE951F08036 issued by Aditya Birla Sun Life Insurance Company Limited

The instrument name of INE951F08036 ISIN is ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED 7.63 NCD 30NV31 FVRS10LAC.
The interest earned from INE951F08036 bond issued by Aditya Birla Sun Life Insurance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE951F08036 bond issued by Aditya Birla Sun Life Insurance Company Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.63%, which determines the periodic interest payments made to bondholders.
The INE951F08036 Debenture is issued by Aditya Birla Sun Life Insurance Company Limited, a Private Sector company.