Commercial vehicle finance company Shriram Transport Limited has introduced non convertible debenture (NCD) . This Shriram transport NCD is offering up to 11.4 % interest rate. This is an attractive investment opportunity for investors who does not want to invest in risky assets like equity or commodity. [Read more…]
Muthoot Finance has announced the second series of their Non convertible debenture – NCD . The issue name is Muthoot Finance NCD – Series II . The interest rates are very attractive varying from 13%-13.25% annually depending on the selected option . [Read more…]
Gujarat NRE Coke may soon announce a NCD to raise $200 million.Gujarat NRE coke will use this money to empower itself in the power sector.Expected interest rates are not announced till now .NCD opening and closing date will be updated as soon as the company announce its details.
L&T Finance has came out with NCD Issue of Rs 1,000-crore.L&T Finance is promoted by engineering and construction major Larsen & Toubro (L&T). L&T finance plans to raise Rs 1,000-crore through its first-ever public offer of non convertible debentures .the issue will remain open between August 18 and September 4.
The company is offering 50-lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face-value of Rs 1,000 each aggregating to Rs 500 crore with an option to retain over-subscription up to Rs 500-crore aggregating to a total of Rs 1,000-crore.The issue offers various investment options and maturity periods range from five to ten years and the annualised yield for ten year debenture work out to 10.50%.The NCDs would be listed on the National Stock Exchange (NSE).
Under its quarterly interest payment option the coupon rate is 9.51% per annum and the annualized yield is 9.85%. The maturity period is 60 months.
Under the semi-annual interest payment option maturity period is 60 months and the coupon rate is 9.62% per annum and the annualized yield is 9.85%.
Its cumulative interest payment option offers a coupon rate of 9.95% compounded annually and the annualized yield of 9.95%. The maturity period is 88-months from the deemed date of allotment.
The interest rates are lower that Sri Ram Transport NCD .(9.5-11 %)I personally don’t feel worth to put the money for 10 years.As the interest rates are not much better.It will be better to invest in SIP mutual funds for 10 years