Canara HSBC Life Allots Rs 250 Cr Subordinated Debentures

Canara HSBC Life Insurance Company Limited allotted 25,000 unsecured, subordinated, listed, rated, redeemable, non-cumulative, fully paid-up non-convertible debentures of Rs 1 lakh face value each, aggregating Rs 250 crore.

Debenture Terms

The 10-year subordinated debt (allotment March 13, 2026; maturity March 13, 2036) carries 8.15% coupon payable annually, with issuer call option after 5 years. No security created; default incurs 2% p.a. additional interest.

Shares of Canara HSBC Life Insurance Company Limited was last trading in BSE at Rs. 146.10 as compared to the previous close of Rs. 148.25. The total number of shares traded during the day was 56745 in over 2234 trades.

The stock hit an intraday high of Rs. 148.95 and intraday low of 144.00. The net turnover during the day was Rs. 8283382.00.

Source : Equity Bulls

Keywords

CanaraHSBCLifeInsuranceCompany CANHLIFE INE01TY01017 FundRaising Debentures