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Instrument Details

ISIN: INE457U08017

Face value

₹10,00,000

Coupon rate

7.10%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

488

Instrument Type

Debenture

Returns

Medium

Date of Issue

09 Mar 2022

Maturity Date

03 Sep 2032

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

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

TATA AIA LIFE INSURANCE COMPANY LIMITED 7.10 NCD 09MR32 FVRS10LAC
Tata Aia Life Insurance Company Limited, a Finance company, has floated Debenture, having ISIN value as INE457U08017, with a face value of ₹10,00,000 rs on 09Mar22 to raise 488 crores. The debt instrument is issued with a coupon rate of 7.10% 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 7.10% UNSECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 09/03/2032. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as TATA AIG LIFE INSURANCE COMPANY 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
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
09-Mar-22 : Your investment
₹71,00,000
09-Mar-23 : Interest
₹71,00,000
09-Mar-24 : Interest
₹71,00,000
09-Mar-25 : Interest
₹71,00,000
09-Mar-26 : Interest
₹71,00,000
09-Mar-27 : Interest
₹71,00,000
09-Mar-28 : Interest
₹71,00,000
09-Mar-29 : Interest
₹71,00,000
09-Mar-30 : Interest
₹71,00,000
09-Mar-31 : Interest
₹71,00,000
09-Mar-32 : Interest
₹17,10,00,000
03-Sep-32 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,10,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.10%

Returns

Medium

Bond Rating

Unrated

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE457U08017 issued by Tata Aia Life Insurance Company Limited

The instrument name of INE457U08017 ISIN is TATA AIA LIFE INSURANCE COMPANY LIMITED 7.10 NCD 09MR32 FVRS10LAC.
The interest earned from INE457U08017 bond issued by Tata Aia Life Insurance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE457U08017 bond issued by Tata Aia Life Insurance Company Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 7.1%, which determines the periodic interest payments made to bondholders.
The INE457U08017 Debenture is issued by Tata Aia Life Insurance Company Limited, a Private Sector company.
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