9.70%Magma HDI General Insurance Company Limited 28 Dec 2033
ISIN:
INE312X08026
Taxable
Tax Category
28 Dec, 2028
Call Date
(4 Yr 3 Mo 15 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
28 Dec, 2023
Allotment Date
NA
Put Date
28 Dec, 2024
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
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
Magma HDI General Insurance Company Limited
Magma was incorporated in 2009 as a joint venture (JV) between Magma Fincorp Limited, Celica Developers Private Limited, Jaguar Advisory Services Private Limited, and HDI Global SE Germany. The company obtained the licence to undertake general insurance business on May 22, 2012, from the Insurance Regulatory and Development Authority of India (IRDAI). As on March 31, 2023, the company offers both, retail and commercial general insurance products. The company had a market share of 0.99% in the non-life insurance space in FY23.
The ratio in FY24 is -2.86x and it was -0.36x in FY23, indicating increased debt level due to increase in the borrowings and the finance cost of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is -10.46x and it was -31.84x in FY23, indicating decrease in debt servicing ability of the issuer due to increase in finance cost in FY24.
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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STEPS TO BUY THIS BOND
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PAN Card
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Aadhaar Card
Demat Account Proof
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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.
₹100.1615
Price
9.6170%
Yield
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BOND VALUE DETAILS
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