Magma General Insurance 9.70% Mar 2034 NCD (INE312X08034)
Magma General Insurance Limited
Unsecured, Taxable, Redeemable NCD
Browse: bonds maturing in 2034
Issuer events
Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.- 27 Aug 2026 Placed on rating watch CRISIL
Market Position
Price vs Yield
Showing last 10 trades.
Cashflow Timeline
8 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates
Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.
Bond Timeline
Key Metrics
Advanced metrics
Market Characteristics
Observations
- This bond is unsecured.
- No secondary-market trades recorded in the last 30 days.
- Coupon is 0.50 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)
Structured Overview
Data as of 16 Jul 2026Magma General Insurance Limited issued Magma General Insurance 9.70% Mar 2034 NCD, an unsecured NCD. It pays a 9.70% p.a. coupon, annually. Principal is repaid at maturity. The issuer holds the right to redeem it before the maturity date.
Rating Action History
1 actionsAgency actions on Magma General Insurance Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.
| Date | Agency | Action | Rating | Outlook | Rationale |
|---|---|---|---|---|---|
| 2026-08-27 | CRISIL | Watch | — | Rating Watch | View → |
Rating Actions on Magma General Insurance Limited
last 12 monthsAgencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.
Recent Market Prices
| Trade Date | Clean Price | YTM (%) | Trades |
|---|---|---|---|
| 2026-08-04 | 100.0000 | 9.6425 | — |
| 2026-08-03 | 100.2165 | 9.5675 | — |
| 2026-07-09 | 100.1109 | 9.6005 | — |
| 2026-07-08 | 100.1000 | 9.6045 | — |
| 2026-07-02 | 100.1000 | 9.6069 | — |
| 2026-06-30 | 100.1000 | 9.6069 | — |
Data Coverage
| Dataset | Records | Detail | Freshness |
|---|---|---|---|
| Credit Ratings | 1 | CARE (NSDL record) | 2024-02-21 |
| Rating Actions History | 1 | — | 2026-08-27 |
| Secondary-Market Trades | 6 | NSE OTC (WAP) | 2026-08-04 |
| Reg52(4) Payment Disclosures | 0 | — | — |
- No current rating from an agency or exchange on file; the rating shown is the one NSDL's debt master records, often from the time of issue.
- No trade in the last 30 days, so the last traded yield is not shown as current.
Documents
Entity metadata
- Source
- NSDL debt master
- Last Updated
- 16 Jul 2026
Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.
What is the coupon rate on Magma General Insurance 9.70% Mar 2034 NCD?
Magma General Insurance 9.70% Mar 2034 NCD carries a coupon of 9.70%, paid annual, on a face value of ₹1,00,000.
When does Magma General Insurance 9.70% Mar 2034 NCD mature?
Magma General Insurance 9.70% Mar 2034 NCD matures on 20 Mar 2034, 7.4 years from today.
What is Magma General Insurance 9.70% Mar 2034 NCD rated?
No current rating from an agency or exchange is on file for Magma General Insurance 9.70% Mar 2034 NCD. NSDL's debt master records a rating of AA by CARE, dated 21 Feb 2024, often from the time of issue, so it may be out of date.
Is Magma General Insurance 9.70% Mar 2034 NCD secured?
Magma General Insurance 9.70% Mar 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.
Can Magma General Insurance 9.70% Mar 2034 NCD be called or put back early?
Magma General Insurance 9.70% Mar 2034 NCD is callable -- the issuer may redeem it before maturity on scheduled call dates.
More Bonds from This Issuer
Comparable NCDs maturing near 2034
Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 9.70%. For comparison only, not a recommendation.
| Bond | Issuer | Rating | Coupon | Maturity |
|---|---|---|---|---|
| INE658F08474 | Kerala Infrastructure Investment Fund Board | AA | 9.67% | 2033-08-08 |
| INE658F08482 | Kerala Infrastructure Investment Fund Board | AA | 9.67% | 2034-08-08 |
| INE658F08425 | Kerala Infrastructure Investment Fund Board | AA | 9.49% | 2033-03-25 |
| INE658F08409 | Kerala Infrastructure Investment Fund Board | AA | 9.49% | 2034-03-25 |
| INE658F08243 | Kerala Infrastructure Investment Fund Board | AA | 9.49% | 2034-10-08 |
| INE420C07080 | Paisalo Digital Limited | AA+ | 9.95% | 2034-01-17 |