Author: wealth18.com

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 REC is a Navratna Central Public Sector Enterprise under Ministry of Power. Company's main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to state Electricity Boards, State Government Departments and Rural el...

(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 buying of locomotives, coaches and wagons for the Indian Railways. It receives lease rentals from the Railways, which is accounted for in the Railway Budget. This ensures that the loans are securitised against rollin...

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, oil and gas and SEZ sectors in India. With a large customer base and over Rs. 307,643.50 million of consolidated assets under management, Srei Group has a pan-I...

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 subsidiary of Religare Enterprises Limited (REL), a diversified financial services company. It is a Non-Deposit Accepting NBFC, focusing on small and medium enterprises (SME) financing and reta...

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 time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. As of June 30, 2012, the Company has branch network of 3,780 branches. The Company’s...