8.35% National Insurance Company Limited - AA Rated (INE168X08014)

National Insurance Company Limited, a Finance company, has floated Debenture, having ISIN value as INE168X08014, with a face value of ₹10,00,000 rs on 27Mar17 to raise 895 crores. The debt instrument is issued with a coupon rate of 8.35% 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 8.35% UNSECURED SUBORDINATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I/NIC/NCD/2016-17. DATE OF MATURITY 26/03/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 07Apr17 & on BSE stock exchange on 10Apr17. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 16Mar17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.