9.25% Bharti Axa Life Insurance Company Limited - AAA Rated (INE089J08029)

Bharti Axa Life Insurance Company Limited, a Life Insurance company, has floated Debenture, having ISIN value as INE089J08029, with a face value of ₹10,00,000 rs on 30Aug22 to raise 60 crores. The debt instrument is issued with a coupon rate of 9.25% 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 9.25% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 30/08/2032.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 05Sep22. CARE RATINGS LIMITED has given AAA rating to this Debenture on 30Aug22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.