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Instrument Details

ISIN: INE225R08014

Face value

₹10,00,000

Coupon rate

7.10%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

375

Instrument Type

Debenture

Returns

Medium

Date of Issue

09 Nov 2021

Maturity Date

11 Sep 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

HDFC ERGO GENERAL INSURANCE COMPANY LIMITED 7.10 NCD 09NV31 FVRS10LAC
Hdfc Ergo General Insurance Company Limited, a Finance company, has floated Debenture, having ISIN value as INE225R08014, with a face value of ₹10,00,000 rs on 09Nov21 to raise 375 crores. The debt instrument is issued with a coupon rate of 7.10% 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 7.10% UNSECURED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 09/11/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 11Nov21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 20Oct21. This issuer is formerly known as HDFC GENERAL INSURANCE LIMITED, L&T GENERAL 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
AAA
Highest Safety
AAA
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Date Verified
10 Nov 2021
check
Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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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
09-Nov-21 : Your investment
₹71,00,000
09-Nov-22 : Interest
₹71,00,000
09-Nov-23 : Interest
₹71,00,000
09-Nov-24 : Interest
₹71,00,000
09-Nov-25 : Interest
₹71,00,000
09-Nov-26 : Interest
₹71,00,000
09-Nov-27 : Interest
₹71,00,000
09-Nov-28 : Interest
₹71,00,000
09-Nov-29 : Interest
₹71,00,000
09-Nov-30 : Interest
₹59,91,232
11-Sep-31 : Interest
₹16,98,91,232
11-Sep-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,98,91,232)

Summary

Instrument Attributes

Value

Coupon Rate

7.10%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

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 INE225R08014 issued by Hdfc Ergo General Insurance Company Limited

The instrument name of INE225R08014 ISIN is HDFC ERGO GENERAL INSURANCE COMPANY LIMITED 7.10 NCD 09NV31 FVRS10LAC.
The interest earned from INE225R08014 bond issued by Hdfc Ergo General Insurance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE225R08014 bond issued by Hdfc Ergo General Insurance Company Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.1%, which determines the periodic interest payments made to bondholders.
The INE225R08014 Debenture is issued by Hdfc Ergo General Insurance Company Limited, a Private Sector company.
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