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NCD Issue 2016

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.

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NCD Issues Open in India 2016

Company Name Issue Open Issue Close Issue Size - Base (Rs Cr) Issue Size - Shelf (Rs Cr) Rating
Reliance Home Finance LtdDec 22, 2016Jan 06, 20163500
Kosamattam Finance LtdDec 22, 2016Jan 20, 2016300
SREI Infrastructure Finance LtdSep 07, 2016Sep 28, 20161000
Indiabulls Housing Finance LtdSep 15, 2016Sep 23, 20167000
Kosamattam Finance LtdMay 02, 2016May 31, 2016250
Housing & Urban Development Corporation LtdJan 27, 2016Feb 10, 2016500
Kosamattam Finance LimitedJan 18, 2016Feb 18, 2016100
IREDA LtdJan 08, 2016Jan 22, 20161716

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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