Bond Directory / INDIAFIRST LIFE INSURANCE COMPANY LIMITED

INDIAFIRST LIFE INSURANCE COMPANY LIMITED

ACTIVE

8.40% UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES 1/2021-2022. DATE OF MATURITY 24/03/2032.

ISIN

INE381Y08029

Copied

Essentials

Coupon Rate (Returns)

8.40%

Rating

AA  ICRA LIMITED

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

7 years 9 months

Mar 24, 2032

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

Yes - Call Available

Put option exercised at

Data Not Available

Issue Details

Issue Size

125 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

NSE

Debenture Trustee

Axis Trustee Services Limited

Issue

Private Placement (EBP)

Issuer Details

INDIAFIRST LIFE INSURANCE COMPANY LIMITED

Business Sector

Finance

Issuer Nature type

NBFC

Issuer Ownership

Non PSU

Factors

*Rating Agency -ICRA LIMITED

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Mode of Issuance

Private Placement (EBP)

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Mode of Issuance

Private Placement (EBP)

Coupon Type

Simple

*Rating Agency - ICRA LIMITED

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AA

(Oct 16, 2023)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

4

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Senior

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

You may also like...

Piramal Capital & Housing Finance Limited

Coupon

6.7500%

Maturity

Sep 2031

Rating

ICRA  AA

Type of Bond

Secured - Regular Bond/Debenture

Yield

11.0000%

Price

₹ 766.21

Iifl Samasta Finance Limited

Coupon

10.0000%

Maturity

Dec 2026

Rating

CRISIL  AA-

Type of Bond

Secured - Regular Bond/Debenture

Yield

9.8481%

Price

₹ 1,045.44

Hinduja Leyland Finance Limited

Coupon

9.7500%

Maturity

Sep 2026

Rating

CARE  AA

Type of Bond

Subordinate Debt Tier 2

Yield

9.6000%

Price

₹ 10,20,102.77

360 One Prime Limited

Coupon

9.6600%

Maturity

Jan 2029

Rating

ICRA  AA

Type of Bond

Secured - Regular Bond/Debenture

Yield

9.5534%

Price

₹ 1,037.08

Belstar Microfinance Limited

Coupon

10.0000%

Maturity

Aug 2025

Rating

CRISIL  AA

Type of Bond

Unsecured - Regular Bond/Debenture

Yield

9.5000%

Price

₹ 63,280.57

Iifl Samasta Finance Limited

Coupon

9.6000%

Maturity

Dec 2025

Rating

CRISIL  AA-

Type of Bond

Secured - Regular Bond/Debenture

Yield

9.3716%

Price

₹ 1,043.70

Motilal Oswal Financial Services Limited

Coupon

8.9700%

Maturity

May 2029

Rating

Ind-Ra  AA

Type of Bond

Secured - Regular Bond/Debenture

Yield

9.3425%

Price

₹ 1,004.67

Motilal Oswal Financial Services Limited

Coupon

9.3500%

Maturity

May 2029

Rating

Ind-Ra  AA

Type of Bond

Secured - Regular Bond/Debenture

Yield

9.3398%

Price

₹ 1,004.87