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NCD Issue 2017

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 2017

Company Name Issue Open Issue Close Issue Size - Base (Rs Cr) Issue Size - Shelf (Rs Cr) Rating
Kosamattam Finance LtdAug 04, 2017Sep 01, 2017220
SREI Equipment Finance LtdJul 17, 2017Jul 31, 20171000
Mahindra & Mahindra Financial Services LtdJul 10, 2017Jul 28, 2017250
Muthoot Finance LtdApr 11, 2017May 10, 2017200
Kosamattam Finance LtdMar 29, 2017Apr 27, 2017250
SREI Equipment Finance LtdJan 03, 2017Jan 20, 2017500

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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