7.10% Hdfc Ergo General Insurance Company Limited - AAA Rated (INE225R08014)

Hdfc Ergo General Insurance Company Limited, a Finance company, has floated Debenture, having ISIN value as INE225R08014, with a face value of ₹10,00,000 rs on 09Nov21 to raise 375 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 SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 09/11/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 11Nov21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 20Oct21. This issuer is formerly known as HDFC GENERAL INSURANCE LIMITED, L&T GENERAL INSURANCE COMPANY LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.