Security Name: 8.35% SBI General Insurance Company Limited 21 Feb 2034
ISIN:
INE01MM08012
Taxable
Tax Category
21 Feb, 2029
Call Date
(3 Yr 9 Mo 25 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
21 Feb, 2024
Allotment Date
NA
Put Date
21 Feb, 2026
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
8.35%
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
SBI General Insurance Company Limited
SBI General commenced operations in 2010 as a joint venture between SBI and Insurance Australia Group Ltd (IAG). Since its establishment in 2009, its expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence of over 143 branches. In FY 2023-24, SBI General Insurance achieved significant growth, with a notable 17% increase in Gross Written Premium (GWP), reaching INR 12,731 crores.
Profit before tax is 318.84cr in FY24 as compared to 244.33cr. Ratio can’t be calculated because finance cost and borrowing of FY 23 is not given in financial statements of the issuer.
Debt/EBITDA
Ratio can’t be calculated because the finance cost of FY23 is not given in the financial statement of the issuer .
Interest coverage ratio
Recent News
SBI General Insurance, HSBC India in bancassurance tie-up
Aug 28, 2024 | SBI General Insurance Company Limited
SBI General Insurance Withdraws Arogya Plus Policy
Aug 22, 2024 | SBI General Insurance Company Limited
SBI General Insurance partners with Abhyudaya Co-operative Bank Ltd. to offer integrated insurance solutions
Jan 16, 2025 | SBI 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
Face Value
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Total Investment
| Cashflow for INE01MM08012 |
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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 |
|---|
| 8.35% SBI General Insurance Company Limited 21 Feb 2034 |
| Credit Rating |
|---|
| AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 8.350000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 21/02/2029 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| 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.
