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NCD Issue 2015

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 2015

Company Name Issue Open Issue Close Issue Size - Base (Rs Cr) Issue Size - Shelf (Rs Cr) Rating
Muthoottu Mini Financiers LtdDec 28, 2015Dec 27, 2016250
Muthoot Fincorp LimitedSep 28, 2015Oct 27, 2015300
Muthoot Finance LtdSep 07, 2015Oct 07, 2015250
Muthoottu Mini Financiers LimitedJul 16, 2015Aug 14, 2015125
SREI Infrastructure Finance LtdJul 01, 2015Jul 20, 2015200
Muthoot Finance LtdMar 25, 2015Apr 27, 2015300
Muthoottu Mini Financiers LimitedFeb 24, 2015Mar 25, 2015250
ECL Finance LtdFeb 26, 2015Mar 16, 2015400
Kosamattam Finance LtdFeb 10, 2015Mar 11, 2015200
IFCI LtdJan 01, 2015Feb 04, 2015250

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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