Latest News
-
107% Returns: Tata's NBFC Doubles Investors Money, Rs 53,440 Profits On Rs 50K; Key Parameters To Buy/Sell -
Rs 7/Share Dividend: May 3 Fixed As Record Date; Buy The Large Cap Stock To Be Eligible? -
EMS Stocks Buzz: 4 ELECTRONIC Stocks From Rs 400-2500 To Buy For 17-35% Potential Upside; Who Are They? -
10 Bonus Shares, 1:2 & 1:5 Splits; Smallcap Steel Stock Below Rs 15, Falls 10% In 5 Days; Plans FPO Ahead -
SBI, BoB, Canara: 5 PSU Bank Stocks To Buy, Motilal Top Picks; 1 To Split In 5 Shares For First Time Soon -
Highest Dividend In 2023 In History: Multibagger Refineries PSU To Mull Dividend On April 24 -
7:1 Bonus, 1:10 Split: At Rs 3.5, NBFC Penny Stock Hits Back-To-Back Lower Circuits; Big Announcement Soon -
Meta's Board Requests Public Views on AI Images of Celebrities -
Microsoft Pledges $1.5 Billion in UAE's AI Firm G42 to Boost Global Digital Infrastructure -
Yellen Cautions on Economic Fallout from Iran-Israel Tensions, Eyes More Sanctions
Indiabulls Housing Finance NCD Offering 9.25% Subscription Extended
The NCDs or non-convertible while for Corporate are a way to raise funds, for investors it is a fixed income source that can pay the coupon rate depending on the mode of payment opted for i.e. these instruments pay either annually or on a cumulative basis or as many mode decided by the company issuing the security.
Likewise, Indiabulls Housing Finance has extended the date for its NCD tranche issue to December 31, 2021. The face value of the bond is Rs. 1000 while the base issue size of the NCD is Rs. 200 crore with an option to retain oversubscription up to Rs. 800 crore, aggregating to Rs. 1000 crore,
The revised extended date for subscription now closes on December 31, 2021.
These are secured NCDs against which there is available a security cover of 1.25 times on the principal and interest thereon. Tenure of the investment for an investor can be 24 months, 36 months or 60 months.
The coupon rate is 9.25% with an additional incentive of 0.25%.
