Description
New debt securities worth Rs. 115 crore issued by Universal Sompo General Insurance Company Limited listed on BSE debt segment with 9.1% interest rate.
Summary
Universal Sompo General Insurance Company Limited has listed new debt securities worth Rs. 115 crore on BSE’s debt segment. The securities carry a 9.1% annual interest rate and have a 10-year tenure with redemption date of July 24, 2035.
Key Points
- Quantity: 11,500 securities with face value of Rs. 1,00,000 each
- Scrip Code: 976951, ISIN: INE635M08023
- Interest rate: 9.1% per annum payable annually
- Credit rating: CARE AA/Stable, ICRA AA/Stable
- Issue price and paid-up value: Rs. 1,00,000 per security
- Trading only in dematerialized form with tick size of 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities admitted to dealings on BSE debt segment effective immediately
- Placement memorandum available on BSE website for detailed information
Important Dates
- Date of allotment: July 24, 2025
- Interest payment dates: Annually from July 24, 2026 to July 24, 2035
- Redemption date: July 24, 2035
- Effective trading date: July 28, 2025
Impact Assessment
Minimal market impact as this is a routine private placement listing of debt securities by an insurance company. The securities provide institutional investors with a AA-rated fixed income option with competitive interest rates.
Impact Justification
Routine debt security listing with limited market impact