8.80% The Oriental Insurance Company Limited - AA Rated (INE06GZ08015)

The Oriental Insurance Company Limited, a Utilities company, has floated Debenture, having ISIN value as INE06GZ08015, with a face value of ₹10,00,000 rs on 18Mar19 to raise 750 crores. The debt instrument is issued with a coupon rate of 8.80% 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 8.80% UNSECURED RATED LISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES I. DATE OF MATURITY 18/03/2029. 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 22Mar19 & on NSE stock exchange on 22Mar19. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 26Feb19. This issuer is formerly known as THE ORIENTAL FIRE AND GENERAL INSURANCE COMPANY LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.