Instrument Details

ISIN: INE995S08010

Face value

₹10,00,000

Coupon rate

10.70%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Debenture

Returns

High

Date of Issue

15 Nov 2021

Maturity Date

15 Nov 2031

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (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

NIVA BUPA HEALTH INSURANCE COMPANY LIMITED 10.70 NCD 15NV31 FVRS10LAC
Niva Bupa Health Insurance Company Limited, a Finance company, has floated Debenture, having ISIN value as INE995S08010, with a face value of ₹10,00,000 rs on 15Nov21 to raise 150 crores. The debt instrument is issued with a coupon rate of 10.70% 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 10.70% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 15/11/2031. 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 18Nov21. CARE RATINGS LIMITED has given A+ rating to this Debenture on 15Nov21. This issuer is formerly known as MAX BUPA HEALTH INSURANCE COMPANY LIMITED, MAX BUPA HEALTH INSURANCE 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
A
Adequate Safety
A+
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Date Verified
04 Jan 2024
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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
15-Nov-21 : Your investment
₹1,07,00,000
15-Nov-22 : Interest
₹1,07,00,000
15-Nov-23 : Interest
₹1,07,00,000
15-Nov-24 : Interest
₹1,07,00,000
15-Nov-25 : Interest
₹1,07,00,000
15-Nov-26 : Interest
₹1,07,00,000
15-Nov-27 : Interest
₹1,07,00,000
15-Nov-28 : Interest
₹1,07,00,000
15-Nov-29 : Interest
₹1,07,00,000
15-Nov-30 : Interest
₹1,07,00,000
15-Nov-31 : Interest
₹20,70,00,000
15-Nov-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,70,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.70%

Returns

High

Bond Rating

A+

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE995S08010 issued by Niva Bupa Health Insurance Company Limited

The instrument name of INE995S08010 ISIN is NIVA BUPA HEALTH INSURANCE COMPANY LIMITED 10.70 NCD 15NV31 FVRS10LAC.
The interest earned from INE995S08010 bond issued by Niva Bupa Health Insurance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE995S08010 bond issued by Niva Bupa Health Insurance Company Limited has been assigned a credit rating of A+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.7%, which determines the periodic interest payments made to bondholders.
The INE995S08010 Debenture is issued by Niva Bupa Health Insurance Company Limited, a Private Sector company.