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Instrument Details

ISIN: INE499S08047

Face value

₹10,00,000

Coupon rate

8.05%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

15 Mar 2022

Maturity Date

15 Mar 2032

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 1

Guarantee Type

Non Convertible

About this Bond

ROYAL SUNDARAM GENERAL INSURANCE CO. LIMITED SR 4 8.05 NCD 15MR32 FVRS10LAC
Royal Sundaram General Insurance Co. Limited, a Finance company, has floated Debenture, having ISIN value as INE499S08047, with a face value of ₹10,00,000 rs on 15Mar22 to raise 50 crores. The debt instrument is issued with a coupon rate of 8.05% 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 8.05% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE DEBENTURE.SERIES 4.DATE 15/03/2032. 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 16Mar22. CARE RATINGS LIMITED has given AA+ rating to this Debenture on 15Mar22. This issuer is formerly known as ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED, ROYAL SUNDARAM ALLIANCE 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
AA
High Safety
AA+
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Date Verified
14 Aug 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 1
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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-Mar-22 : Your investment
₹80,50,000
15-Mar-23 : Interest
₹80,50,000
15-Mar-24 : Interest
₹80,50,000
15-Mar-25 : Interest
₹80,50,000
15-Mar-26 : Interest
₹80,50,000
15-Mar-27 : Interest
₹80,50,000
15-Mar-28 : Interest
₹80,50,000
15-Mar-29 : Interest
₹80,50,000
15-Mar-30 : Interest
₹80,50,000
15-Mar-31 : Interest
₹80,50,000
15-Mar-32 : Interest
₹18,05,00,000
15-Mar-32 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,05,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.05%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

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

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Rated ★ 4.3+ on

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FAQs about INE499S08047 issued by Royal Sundaram General Insurance Co. Limited

The instrument name of INE499S08047 ISIN is ROYAL SUNDARAM GENERAL INSURANCE CO. LIMITED SR 4 8.05 NCD 15MR32 FVRS10LAC.
The interest earned from INE499S08047 bond issued by Royal Sundaram General Insurance Co. Limited is paid Annually, ensuring regular and consistent income for investors.
This INE499S08047 bond issued by Royal Sundaram General Insurance Co. Limited has been assigned a credit rating of AA+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.05%, which determines the periodic interest payments made to bondholders.
The INE499S08047 Debenture is issued by Royal Sundaram General Insurance Co. Limited, a Private Sector company.
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