Investment6 Mar 2026, 10:33 am
Canara HSBC Life Insurance Approves ₹ 250 Crore Non-convertible Debentures Issuance
AI Summary
Canara HSBC Life Insurance Company Ltd has approved the terms of issuance of Non-convertible Debentures worth ₹ 250 crore on a private placement basis. The Debt Raising Committee (DRC) considered and approved the Key Information Document (KID) for the issuance of up to 25,000 unsecured, subordinated, listed, rated, redeemable, non-cumulative, fully paid-up, non-convertible debentures, each having a face value of ₹ 1,00,000. The debentures are proposed to be listed on the National Stock Exchange of India Ltd.
Key Highlights
- Canara HSBC Life Insurance Company Ltd approves the issuance of Non-convertible Debentures worth ₹ 250 crore.
- The debentures will be unsecured, subordinated, listed, rated, redeemable, non-cumulative, and fully paid-up.
- The debentures will be issued in dematerialised form on a private placement basis.
- The debentures are proposed to be listed on the National Stock Exchange of India Ltd.
- The tenure of the instrument will be 10 years from the date of allotment.