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7.75% Star Union Dai-ichi Life Insurance Company Limited - AA Rated (INE503V08016)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE503V08016
Face value
₹10,00,000
Coupon rate
7.75%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
125
Instrument Type
Debenture
Returns
Medium
Date of Issue
24 Nov 2021
Maturity Date
24 Nov 2031
Perpetual
Yes
Listing Status
Listed
Rating status
AA (CARE 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
STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 7.75 NCD 24NV31 FVRS10LAC
Star Union Dai-ichi Life Insurance Company Limited, has floated Debenture,
having ISIN value as INE503V08016, with a face value of ₹10,00,000 rs on 24Nov21 to raise 125 crores. The debt instrument
is issued with a coupon rate of 7.75% 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 7.75% UNSECURED RATED LISTED NON CONVERTIBLE SUBORDINATE TIER IIDEBENTURE.DATE OF MATURITY 24/11/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Debenture is listed on BSE stock
exchange on 25Nov21. CARE RATINGS LIMITED has given AA rating to
this Debenture on 01Jan70. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
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
24-Nov-21 : Your investment
₹77,50,000
24-Nov-22 : Interest
₹77,50,000
24-Nov-23 : Interest
₹77,50,000
24-Nov-24 : Interest
₹77,50,000
24-Nov-25 : Interest
₹77,50,000
24-Nov-26 : Interest
₹77,50,000
24-Nov-27 : Interest
₹77,50,000
24-Nov-28 : Interest
₹77,50,000
24-Nov-29 : Interest
₹77,50,000
24-Nov-30 : Interest
₹77,50,000
24-Nov-31 : Interest
₹17,75,00,000
24-Nov-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,75,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
7.75%
Returns
Medium
Bond Rating
AA
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Others
HEAD OFFICE
Mumbai
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of Star Union Dai-ichi Life Insurance Company Limited
FAQs about INE503V08016 issued by Star Union Dai-ichi Life Insurance Company Limited
What is the instrument name of INE503V08016 ISIN?
The instrument name of INE503V08016 ISIN is STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 7.75 NCD 24NV31 FVRS10LAC.
How frequently is the interest paid on INE503V08016 bond issued by Star Union Dai-ichi Life Insurance Company Limited?
The interest earned from INE503V08016 bond issued by Star Union Dai-ichi Life Insurance Company Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE503V08016 bond issued by Star Union Dai-ichi Life Insurance Company Limited?
This INE503V08016 bond issued by Star Union Dai-ichi Life Insurance Company Limited has been assigned a credit rating of AA by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE503V08016 bond issued by Star Union Dai-ichi Life Insurance Company Limited?
This Debenture offers a coupon rate of 7.75%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE503V08016 Debenture?
The INE503V08016 Debenture is issued by Star Union Dai-ichi Life Insurance Company Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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