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REC Tax Free Bonds Issue 2013 – Tranche II – Details & Review


Last updated : 2nd May, 2014 In this week, there is wave of second tranche of Tax free bonds. PFC, HUDCO, REC, IRFC are launching second round (tranche) of tax free bonds, REC – Rural Electrification Corporation is targeting to raise up to Rs 2582 crore through the second tranche of its public issue of tax-free bonds. The first tranche was closed in Dec 2012. The second tranche would open from Feb 25 and close on March 15 2012. The issue size is Rs 100 crore with an option to retain oversubscription up to Rs 2,482 crore. About the Company ... Read More »

IRFC Tax free Bonds 2013 Issue – Details & Review


Last updated : 2nd May, 2014 (Last Date for IRFC Tax free Bonds is extended to 8-Feb-2013) Indian Railway Finance Corporation (IRFC’s) tax-free bond issue is set to hit the market between 21-29 January 2013. IRFC is offering tax-free secured redeemable non convertible bonds to raise Rs 1000 crore, with an option to retain oversubscription upto Rs 8886.40 crore. The issue is similar to previous Bonds of HUDCO, REC, PFC & IIFCL. However, HUDCO is offering better rates. Check my post on HUDCO issue. Last Date for HUDCO is also extended to 7-Feb-2013   About the Company IRFC primarily funds ... Read More »

SREI Infrastructure Finance – NCD Sep 2012 – Details & Review


Last updated : 2nd May, 2014 SREI Infrastructure Finance – NCD Details & Review – Sep 2012 SREI Infrastructure Finance is the latest company to raise funds through NCDs. Secured NCD from SREI Infrastructure is offering interest upto 10.30%. The first-cum-first serve issue opens on 20th Sep. It is offering lower rates as compared to recent NCDs of Religare Finvest (12.5%),  Muthoot Finance (12%) & Shriram City Union (11.75%) About the Company :  Srei Infrastructure Finance Limited (NBFC) provides financial products and services to its customers engaged in infrastructure development and construction, with particular focus on power, road, telecom, port, ... Read More »

Religare Finvest Limited – NCD Issue Sept 2012


Last updated : 2nd May, 2014 Religare Finvest Limited – NCD Details & Review 12.50% return on 5 year secured NCD from Religare Finvest seems attractive for retail investors.  The issue is opening on 14th Sep (on first come first served basis) and offering rates better than recent NCDs of Muthoot Finance (12%) & Shriram City Union (11.75%) Religare Finvest Limited, a subsidiary of Religare Enterprises Limited intends to raise Rs 500 crore from the capital market through its public issue of Secured Redeemable Non-Convertible Debentures.  This NCD is offering yield upto 12.6%. About the Company Religare Finvest Limited is ... Read More »

Muthoot Finance NCD Issue – Sep 2012


Last updated : 2nd May, 2014 Muthoot Finance NCD Details & Review NCDs are flavour of this year. After Shriram City Union Finance NCD opening on 12-Sep-2012, another NBFC – Muthoot Finance has hit the market with public issue of secured NCDs offering upto 12.25%  p.a. interest. The issue will open on 17-Sep-2012. Company Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio.  The company provides personal and business loans secured by gold jewellery, or gold loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable ... Read More »

Shriram City Union Finance – NCD Issue Sept 2012 – Should you invest in it?


Last updated : 2nd May, 2014 Shriram City Union Finance Limited – NCD Details & Review In my earlier post, I explained about NCDs and whether you should consider it as Investment option. After India Infoline Financial Services Ltd’s unsecured bonds offering 12.75% per annum, Shriram City Union Finance Ltd has hit the market with a public issue of secured NCDs offering 11.75% per annum. Company Shriram City Union Finance Limited (SCUF) is a part of the Chennai based Shriram group of companies and the sister concern of Shriram Transport Finance. They are entering the debt market second time. SCUF ... Read More »

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