8.25% United India Insurance Company Limited - AAA Rated (INE346Z08011)

United India Insurance Company Limited, a Finance company, has floated Bond, having ISIN value as INE346Z08011, with a face value of ₹10,00,000 rs on 02Feb18 to raise 900 crores. The debt instrument is issued with a coupon rate of 8.25% 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 Bond is 8.25% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES I OF 2017-18. LETTER OF ALLOTMENT. DATE OF MATURITY 02/02/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 12Feb18. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 29Dec17. This issuer is formerly known as THE UNITED INDIA FIRE & GENERAL INSURANCE COMPANY LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.