Issue Price of an NCD is the amount investors pay per debenture at the time of subscription in a public issue.
Issue Price (NCD) refers to the price at which a company offers its Non-Convertible Debentures to investors during a public issue or private placement. It represents the actual amount payable by investors per debenture at the time of subscription.
The issue price may be equal to the face value (issued at par), higher than the face value (issued at a premium), or lower than the face value (issued at a discount), depending on market conditions, credit rating, interest rate structure, and investor demand. This price determines the initial investment amount and directly impacts the effective yield earned by investors over the tenure of the NCD.
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