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NCD Issue 2013

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 2013

Company Name Issue Open Issue Close Issue Size - Base (Rs Cr) Issue Size - Shelf (Rs Cr) Rating
Manappuram Finance LtdDec 30, 2013Jan 20, 2014
SREI Infrastructure Finance LtdDec 30, 2013Jan 31, 2014100
Muthoot Finance LtdDec 27, 2013Jan 27, 2014250
Housing & Urban Development Corporation LimitedDec 02, 2013Jan 03, 2014500
National Housing BankDec 30, 2013Jan 01, 20141000
Shriram City Union Finance LtdNov 25, 2013Dec 24, 2013100
India Infoline Housing Finance LimitedDec 12, 2013Dec 18, 2013250
NTPC LtdDec 03, 2013Dec 05, 20131000
Muthoot Finance LtdNov 18, 2013Nov 25, 2013150
Power Finance Corporation LtdOct 14, 2013Nov 05, 2013
India Infrastructure Finance Company LtdOct 03, 2013Oct 31, 2013
NHPC LTDOct 18, 2013Oct 23, 2013
Housing & Urban Development Corporation LimitedSep 17, 2013Oct 14, 2013
Shriram Transport Finance Company LtdOct 07, 2013Oct 14, 2013
India Infoline Finance LtdSep 17, 2013Sep 23, 2013
SREI Infrastructure Finance LimitedAug 26, 2013Sep 17, 2013
Muthoot Finance LtdSep 02, 2013Sep 16, 2013
Rural Electrification Corporation LimitedAug 30, 2013Sep 16, 2013
Shriram Transport Finance Company LtdJul 16, 2013Jul 24, 2013
SREI Infrastructure Finance LtdApr 04, 2013Apr 25, 2013
Dredging Corporation Of India LtdMar 07, 2013Mar 19, 2013
Ennore Port LimitedFeb 28, 2013Mar 19, 2013
Jawaharlal Nehru Port TrustMar 11, 2013Mar 19, 2013
Power Finance Corporation LimitedFeb 18, 2013Mar 19, 2013
Housing & Urban Development Corporation LtdFeb 21, 2013Mar 18, 2013
India Infrastructure Finance Company Limited -Feb 25, 2013Mar 18, 2013
Rural Electrification Corporation Ltd -Feb 25, 2013Mar 18, 2013
Indian Railway Finance Corporation LtdFeb 25, 2013Mar 15, 2013
Indian Railway Finance Corporation LimitedJan 21, 2013Feb 08, 2013
Housing & Urban Development Corporation LtdJan 09, 2013Feb 07, 2013

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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