Day: 1 January 2015

9.50% IFCI secured redeemable non-convertible debentures (NCD) Issue January 2015 IFCI has opened its public issue of NCDs Tranche II on 01-Jan-2015 &  it closes on 04-Feb-2015  offering 8 investment options with yield upto 9.50% .  This is the second NCD issue by IFCI with previous one issued in Oct 2014.  Type of Instruments – Public issue of the secured redeemable non-convertible debentures (NCD) Size of Issue –Rs. 250 crore with an option to retain oversubscription up to the residual shelf limit of Rs. 790.81 crore Listing – Proposed to be listed on NSE & BSE  (within 12 working days of closing the issue) Credit Rating – Brickwork Ratings  ‘AA-’ with  ‘Stable’ outlook, ICRA ‘A’ with a ‘Stable’ outlook.  These NCDs are ‘Secured’ in nature and in case of any default in payment...