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NCD Issue 2020

NCD issue means Non-Convertible Debenture public issue. NCD is a Secure and Redeemable Corporate Bond, a bond issued by a corporation to raise money from the capital market. Unlike equity shares, bondholders do not have any ownership interest in the company. They are also known as securities that do not have any equity element attached to it. NCD are tradable instruments. They are listed with major stock exchanges (BSE and NSE) in India.

When one buys a corporate bond, one lends money to the company. In exchange, the company promises to return the money on a specified maturity date along with a stated rate of interest.

Corporate bonds are debt securities. They are considered as a long-term investment option. The maturity period of these securities ranges from 1 year to 20 years.

The NCD issue process is similar to the IPO process. Investors apply for NCD shares through a broker. Based on the subscription, they receive the number of NCD shares. The NCD's are credited to the demat account and the money gets deducted from the trading/bank account.

NCD Issues Open in India 2020

Company Name Issue Open Issue Close Issue Size - Base (Rs Cr) Issue Size - Shelf (Rs Cr) Rating
Edelweiss Finance & Investments LtdJan 23, 2020Jan 31, 2020125250CRISIL AA-/ Stable; CARE AA-/ Stable
Muthoottu Mini Financiers LtdJan 20, 2020Feb 12, 2020100200CARE BBB- /Stable
Muthoot Fincorp LimitedJan 09, 2020Feb 04, 2020250480BWR A+ /Stable, CRISIL A/Stable
Shriram Transport Finance Company LtdJan 06, 2020Jan 22, 202020010000CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable
Tata Capital Housing Finance LtdJan 07, 2020Jan 08, 20205005000CRISIL AAA/ Stable, ICRA AAA/ stable

Note:

  • NCD Issue full form is Non-Convertible Debenture public issue. They are corporate bonds with fixed interest and tenures. NCD's are similar to bank FD.
  • NCD public issue is similar to an IPO.
  • NCD's are tradable instruments. Investors can buy/sell in the stock exchange similar to equity shares even before the maturity date arrives.
  • An investor can hold NCD in demat as well as paper certificates.

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