Taxable
Tax Category
29 Oct, 2026
Call Date
(1 Yr 10 Mo 6 D to call)
Yearly
Interest Payment Frequency
No
NRI Eligibility
29 Oct, 2021
Allotment Date
NA
Put Date
29 Oct, 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
8.75%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
Star commenced its operations in 2006. The business interests span health insurance, overseas mediclaim policy and personal accident policy. It has a pan-India presence, with 737 branch offices, a network of 464,000 agents, with cashless and reimbursement facilities, and over 10,870 network hospitals across India.
The ratio in FY24 is 0.40x and it was 0.53x in FY23, indicating decrease in debt profile due to decrease in the borrowings and significant increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 28.39x and it was 16.58x in FY23, indicating increase in debt service ability due to decrease in the interest expenses which led to decrease in the finance cost of the issuer.
Interest coverage ratio
Mar 26, 2024 | Star Health and Allied Insurance Company Limited
Mar 26, 2024 | Star Health and Allied Insurance Company Limited
Oct 11, 2024 | Star Health and Allied Insurance Company Limited
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BOND VALUE DETAILS
Cashflow for INE575P08040 |
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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 |
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8.75% Star Health and Allied Insurance Company Limited 27 Oct 2028 |
Credit Rating |
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AA- / Stable by IND AA Stable by CARE |
Coupon Frequency |
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Yearly |
Face Value |
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₹10,00,000 |
Coupon |
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8.750000% |
YTM or YTC |
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YTC |
Call Date |
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29/10/2026 |
Security |
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Senior Unsecured |
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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₹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 | 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.