Non-Convertible Debentures
Recently, several companies, including IIFL Home Finance, Indiabulls Housing Finance and Edelweiss Financial Services, have announced public issues to raise funds through non-convertible debentures (NCD), offering interest rates between 8.25–9.7%.
What are Debentures?
- Debentures are a sort of long-term debt instrument that does not have any collateral backing them up.
- In other words, debentures are not secured or have no security. Debentures, along with bonds, are one of the most common types of debt securities.
About Non-convertible Debentures (NCD)
- These are fixed-income instruments, usually issued by high-rated companies in the form of a public issue to accumulate long-term capital appreciation.
- They ....
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