Security Name: 7.85% Royal Sundaram General Insurance Co Limited 27 Sep 2031
ISIN:
INE499S08039
Taxable
Tax Category
25 Sep, 2026
Call Date
(1 Yr 3 Mo 4 D to call)
Yearly
Interest Payment Frequency
No
NRI Eligibility
27 Sep, 2021
Allotment Date
NA
Put Date
27 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.85%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
12 Sep, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Royal Sundaram General Insurance Co Limited
Royal Sundaram General Insurance Co. Limited was incorporated in August 2000 and got the licence from IRDAI in October 2000 as the first private sector general insurance company in India. The company offers a complete bouquet of general insurance products, such as fire, marine, health, personal accident, liability, travel, etc., As on March 31, 2022, Royal Sundaram serves around 30 lakh customers through its branch network of 158 spread across all states and UTs of India.
The ratio in FY24 is 0.77x and it was 0.73x in FY23, indicating increased debt levels, due to decrease in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 16.35x and it was 17.26x in FY23, indicating decrease in debt servicing ability, due to decrease in market share of the company in the motor segment was primarily led by conscious business curtailment by the management in certain risky cohorts.
Interest coverage ratio
Recent News
Royal Sundaram has Motor Insurance Claim Settlement Ratio of 98.4 Percent
Apr 02, 2024 | Royal Sundaram General Insurance Co Limited
Royal Sundaram General Insurance integrates with IRCTC
Sep 18, 2024 | Royal Sundaram General Insurance Co Limited
Royal Sundaram General Insurance Co. standalone net profit declines 22.16% in the September 2024 quarter
Dec 05, 2024 | Royal Sundaram General Insurance Co Limited
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STEPS TO BUY THIS BOND
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Total Investment
| Cashflow for INE499S08039 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
|---|
| 7.85% Royal Sundaram General Insurance Co Limited 27 Sep 2031 |
| Credit Rating |
|---|
| AA + /Stable by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 7.850000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 25/09/2026 |
| Security |
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| Unsecured Subordinated Tier 1 |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
