Thursday, April 18News That Matters

NCD

10.47% Kosamattam Finance (KFL) NCD Sep 2021 – Details & Review

10.47% Kosamattam Finance (KFL) NCD Sep 2021 – Details & Review

Bonds, Misc, NCD
Kosamattam Finance is looking to raise up to Rs 300 crore through secured redeemable non-convertible debentures (NCD) offering interest of 8.30% - 10.47% for different maturities.  Kosamattam Finance (KFL) is a systemically important non-deposit taking NBFC primarily engaged in the Gold Loan business, lending money against the pledge of household jewellery ("Gold Loans") in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry. Key Features for Kosamattam Finance (KFL)  NCD Issue Open Date 30 Aug 2021 Issue Closing Date 24 Sep 2021 Type of Instrument Secured redeemable NCDs  Size of issue Rs 300 crores (Base size: Rs 150 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Inve...
9.75% Indiabulls Housing Finance NCD Sep 2021 – Details & Review

9.75% Indiabulls Housing Finance NCD Sep 2021 – Details & Review

Bonds, Misc, NCD
Indiabulls Housing Finance is looking to raise up to Rs 1,000 crore through secured / unsecured redeemable non-convertible debentures (NCD) offering interest of 8.75% - 9.75% for different maturities.  Indiabulls Housing Finance is one of India’s largest housing finance companies and has assets under management (AUM) of ₹79,213 crore with more than one million customers as of 30 June 2021.  Key Features for Indiabulls Housing Finance  NCD Issue Open Date Sep 6 2021 Issue Closing Date Sep 20 2021 Type of Instrument Secured redeemable NCDs  Unsecured, subordinated, redeemable NCD Size of issue Rs 1000 crores (Base size: Rs 200 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Investment N/A Listing BSE, NSE Credit Rating CRISIL AA / Stable by CRISIL Ratings and B...