9.70%Magma HDI General Insurance Company Limited 20 Mar 2034
ISIN:
INE312X08034
Taxable
Tax Category
20 Mar, 2029
Call Date
(4 Yr 7 Mo 21 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
20 Mar, 2024
Allotment Date
NA
Put Date
20 Mar, 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
₹NaN
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
Year
Payment Schedule(Date)
Interest Payout(₹)
*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
Magma HDI General Insurance Company Limited
Sanoti Properties LLP, an entity jointly held by Adar Poonawalla and Rising Sun Holdings Pvt Ltd holds in the Company. With over 70 products across various categories, they have solutions to secure all major risks in the general insurance sphere. From retail products like Motor , Health, Personal Accident, and Home to commercial products like Fire, Engineering, Liability, Marine, our wide array of covers coupled with high-quality and agile service delivery have been the pillars of our foundation.
The ratio in FY23 is - 0.36x and it was -6x in FY22, indicating increased debt level as incurred huge losses in FY23.
Debt/EBITDA
The ratio in FY23 is -31.84x and it was -348.81x in FY22, indicating decreased debt servicing ability of the issuer due to huge losses in FY23
Interest coverage ratio
Recent News
Magma HDI General Insurance introduces the ‘Battery Secure Add On’ for privately owned vehicles
Mar 30, 2024 | Magma HDI General Insurance Company Limited
Poonawalla Fincorp to divest stake in Magma HDI General Insurance
Mar 30, 2024 | Magma HDI General Insurance Company Limited
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Aadhaar Card
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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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