The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE124D08019

Face value

₹10,00,000

Coupon rate

9.10%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

230

Instrument Type

Debenture

Returns

High

Date of Issue

16 Aug 2016

Maturity Date

17 Aug 2026

Perpetual

Yes

Listing Status

Listed

Rating status

A (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

RELIANCE GENERAL INSURANCE COMPANY LTD. SR-A 9.1 NCD 17AG26 FVRS10LAC
Reliance General Insurance Company Ltd., a Consumer Services company, has floated Debenture, having ISIN value as INE124D08019, with a face value of ₹10,00,000 rs on 16Aug16 to raise 230 crores. The debt instrument is issued with a coupon rate of 9.10% 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 9.10% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES RGICL F SERIES A NCD 01. DATE OF MATURITY 17/08/2026. 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 30Aug16. CARE Ratings Limited has given A rating to this Debenture on 16Aug16. This issuer is formerly known as RELIANCE GENERAL INSURANCE LTD 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
check
Date Verified
08 Jan 2025
check
Outlook
No Outlook
logo
Seniority in Repayment
Subordinate Tier 2
logo
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
16-Aug-16 : Your investment
₹91,00,000
16-Aug-17 : Interest
₹91,00,000
16-Aug-18 : Interest
₹91,00,000
16-Aug-19 : Interest
₹91,00,000
16-Aug-20 : Interest
₹91,00,000
16-Aug-21 : Interest
₹91,00,000
16-Aug-22 : Interest
₹91,00,000
16-Aug-23 : Interest
₹91,00,000
16-Aug-24 : Interest
₹91,00,000
16-Aug-25 : Interest
₹91,00,000
16-Aug-26 : Interest
₹19,10,00,000
17-Aug-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,10,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.10%

Returns

High

Bond Rating

A

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Consumer Services
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
wm-logo

Take control of your wealth

Track and Analyse all your investments with Wealth Monitor

4.3

Rating

rating

Rated ★ 4.3+ on

playstoreappstore

Download the App

appstore
playstore
wm-qr

FAQs about INE124D08019 issued by Reliance General Insurance Company Ltd.

The instrument name of INE124D08019 ISIN is RELIANCE GENERAL INSURANCE COMPANY LTD. SR-A 9.1 NCD 17AG26 FVRS10LAC.
The interest earned from INE124D08019 bond issued by Reliance General Insurance Company Ltd. is paid Annually, ensuring regular and consistent income for investors.
This INE124D08019 bond issued by Reliance General Insurance Company Ltd. 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 9.1%, which determines the periodic interest payments made to bondholders.
The INE124D08019 Debenture is issued by Reliance General Insurance Company Ltd., a Private Sector company.
qr

Track all your investments in one place

Download Wealth Monitor App

cross
wm logo

Track and monitor all
your investments