Description

BSE announces listing of new debt securities worth Rs. 115 crores issued by Universal Sompo General Insurance Company Limited on private placement basis.

Summary

BSE has listed new debt securities of Universal Sompo General Insurance Company Limited issued on private placement basis. The securities worth Rs. 115 crores (11,500 units of Rs. 1 lakh each) carry 9.1% annual interest rate and mature on July 24, 2035.

Key Points

  • Quantity: 11,500 units with face value of Rs. 1,00,000 each
  • Scrip Code: 976951, ISIN: INE635M08023
  • Interest Rate: 9.1% per annum, paid annually
  • Credit Rating: CARE AA/Stable, ICRA AA/Stable
  • Issue Date: July 24, 2025
  • Maturity Date: July 24, 2035
  • Trading only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Securities to be traded under the specified ISIN number
  • Reference to placement memorandum available on BSE website for detailed terms

Important Dates

  • Allotment Date: July 24, 2025
  • First Interest Payment: July 24, 2026
  • Annual Interest Payments: July 24 each year until 2035
  • Maturity Date: July 24, 2035
  • Trading Effective: July 28, 2025

Impact Assessment

Minimal market impact as this is a routine private placement listing of debt securities. The listing provides additional investment options in the debt segment for institutional investors seeking AA-rated corporate bonds with 10-year maturity.

Impact Justification

Routine debt security listing with limited market impact