Security Name: 8.15% Tata Aig General Insurance Company Limited 27 Sep 2033
ISIN:
INE067X08034
Taxable
Tax Category
27 Sep, 2028
Call Date
(3 Yr 4 Mo 29 D to call)
Yearly
Interest Payment Frequency
No
NRI Eligibility
27 Sep, 2023
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
8.15%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
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
Tata Aig General Insurance Company Limited
Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and the American International Group (AIG). Tata AIG General Insurance Company Limited celebrated 21 years of service as of 2021, since it commenced operations on January 22, 2001. The company has made a mark in the industry by launching several innovative products and services over the years.
The ratio in FY24 is 0.76x and it was 0.24x in FY23, indicating increase in debt level due to the increase in the borrowing as well as the finance cost of the issuer.
Debt/EBITDA
The ratio in FY24 is 24.43x and it was 46.09x in FY23, indicating decrease in debt servicing ability of the issuer due to increase in the finance cost in FY24.
Interest coverage ratio
Recent News
TATA AIG launches Surety Insurance Bonds
Jun 20, 2024 | Tata Aig General Insurance Company Limited
TATA AIG experiences significant growth in health insurance from small towns
Nov 13, 2024 | Tata Aig General Insurance Company Limited
TATA AIG partners with Mahindra Finance to expand insurance offerings
Jan 21, 2025 | Tata Aig General Insurance Company Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE067X08034 |
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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 |
|---|
| 8.15% Tata Aig General Insurance Company Limited 27 Sep 2033 |
| Credit Rating |
|---|
| AAA by IND AAA Stable by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 8.150000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 27/09/2028 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
|---|
| ₹NaN |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
|---|
| ₹NaN |
| Yield |
|---|
| % |
| 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.
