Magma Hdi General Insurance Company Limited
Private Issue
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Credit Rating
CRISIL AA
Face Value
₹1,00,000
YTM
9.75%
Coupon Rate
9.7%
Taxability
Taxable
Issue Size
250.00Cr
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Bond Key Highlights
Allotment Date
28 Dec 2023
Maturity Date
28 Dec 2033
Interest repayment frequency
Annually
Issuer ownership
Non PSU
Seniority in repayment
Not Available
Other ratings
CARE AA
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How to know if a bond is right for you?
Evaluate a bond using the P3L2R framework designed by experts at Wint Wealth with these factors:
Promoters/Equity Investors
Presence of institutional investor
Portfolio Quality (GNPA)
Less than 5% GNPA
Profitability
Company should have reported profit for latest financial year
Leverage
Leverage should be less than 5x
Lenders
Diversified lender base
Rating
No downgrade in rating in last 12 months
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FAQs on Magma Hdi General Insurance Company Limited
What is the coupon rate on the Magma Hdi General Insurance Company Limited Bond?
The bond's coupon rate is 9.7%.
How frequently is the interest paid on Magma Hdi General Insurance Company Limited Bond?
The interest earned from this Bond is paid Annually.
What is the credit rating of the Magma Hdi General Insurance Company Limited Bond?
The bond has been assigned a credit rating of CRISIL AA, CARE AA which reflects the issuer's creditworthiness and the likelihood of default.
What is the ISIN number of the Magma Hdi General Insurance Company Limited Bond?
The ISIN number for Magma Hdi General Insurance Company Limited is INE312X08026.