10.50% Icici Lombard Gen Insurance Co Ltd - AAA Rated (INE513L08024)

Icici Lombard Gen Insurance Co Ltd, a Consumer Services company, has floated Debenture, having ISIN value as INE513L08024, with a face value of ₹10,00,000 rs on 30Apr19 to raise 35 crores. The debt instrument is issued with a coupon rate of 10.50% 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 10.5% UNSECURED SUBORDINATED LISTED REDEEMABLE NON CONVERTIBLE DEBENUTRES. LETTER OF ALLOTMENT. SERIES B. DATE OF MATURITY 29/04/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09May19 & on NSE stock exchange on 29Sep21. ICRA LIMITED has given AAA rating to this Debenture on 12Sep23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.