Description
BSE announces listing of ₹115 crore debt securities issued by Universal Sompo General Insurance Company Limited with 9.1% interest rate and 10-year maturity.
Summary
BSE has listed new debt securities worth ₹115 crore issued by Universal Sompo General Insurance Company Limited on private placement basis. The securities carry a 9.1% annual interest rate and mature on July 24, 2035.
Key Points
- Securities quantity: 11,500 units with face value of ₹1 lakh each
- Scrip Code: 976951, ISIN: INE635M08023
- Credit Rating: CARE AA/Stable, ICRA AA/Stable
- Issue price: ₹1,00,000 per unit
- Date of allotment: July 24, 2025
- Annual interest payment dates: July 24 each year from 2026 to 2035
- Trading only in dematerialized form with 1 paise tick size
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities will trade under the specified ISIN number
- Tick size of 1 paise applies for trading
Important Dates
- Listing effective date: July 28, 2025
- First interest payment: July 24, 2026
- Maturity/Redemption date: July 24, 2035
Impact Assessment
Minimal market impact as this is a routine private placement debt listing. The securities provide investment option for institutional investors seeking AA-rated debt instruments with 10-year maturity.
Impact Justification
Routine debt security listing with limited market impact