The Oriental Insurance Company Limited
Insurance and Reinsurance
corporate
Insurance and Reinsurance
corporate
Tenure
2Y 10M
Tenure
2Y 10M
About Issuer
This AA rated bond from The Oriental Insurance Company Limited, a corporate, offers a Fixed coupon of 8.8% with maturity on 18 March 2029. Issued through the Private placement as under ISIN INE06GZ08015, this bond ensures strong credit quality with minimal default risk, making it a dependable option for investors seeking better returns than traditional fixed deposits, without taking on significant risk. Ideal for investors who want stable returns with high credit assurance, while benefiting from a superior yield in a short-to-medium term horizon.
Summary
Interest
Yearly
Principal
At maturity
COUPON RATE
8.80%
FACE VALUE
₹10,00,000
MATURITY DATE
18 Mar 2029
SECTOR
corporate
COLLATERAL SECURITY
Unsecured
TAX STATUS
Taxable
TRUSTEE
-
ISIN
INE06GZ08015
Credit rating
Rating
[ICRA]AA
Rating Agency
ICRA
Date of Rating
14 Aug 2023
Rating
[ICRA]AA
Rating Agency
ICRA
Date of Rating
14 Aug 2023
Other details
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