Buy NCDs from secondary markets for higher returns
The minimum investment amount is Rs 10,000 and investors can get an interest of 10.25 per cent for 60/84 months and 10.20 per cent for 36/39 months.
By Prashant Mahesh, ET Bureau | Updated:
The NCD issue of SREI Equipment Finance opens on 9th April. The company plans to raise Rs 500 crore (Rs 250 crore. with an option to retain oversubscription of additional Rs 250 crore).
The company is a 50:50 joint venture between Srei Infrastructure Finance Limited & BNP Paribas.
It is one of the leading NBFC in organised equipment financing sector in India with a principal focus on financing infrastructure equipment.
The minimum investment amount is Rs 10,000 and investors can get an interest of 10.25 per cent for 60/84 months and 10.20 per cent for 36/39 months.
The issue has been rated CARE AA and BWR AA rating indicating high degree of safety.
Senior citizens are eligible for an additional interest of 0.25 per cent. Financial planners suggest that there are many NCDs trading in the secondary market, which are offering a higher yield than this.
“Investors could consider buying NCDs from past issuances like Muthoot, Shriram Finance, in the secondary market some of which give a higher yield, “ says Rupesh Bhansali, Head (Distribution), GEPL Capital.
The company is a 50:50 joint venture between Srei Infrastructure Finance Limited & BNP Paribas.
It is one of the leading NBFC in organised equipment financing sector in India with a principal focus on financing infrastructure equipment.
The minimum investment amount is Rs 10,000 and investors can get an interest of 10.25 per cent for 60/84 months and 10.20 per cent for 36/39 months.
The issue has been rated CARE AA and BWR AA rating indicating high degree of safety.
Senior citizens are eligible for an additional interest of 0.25 per cent. Financial planners suggest that there are many NCDs trading in the secondary market, which are offering a higher yield than this.
“Investors could consider buying NCDs from past issuances like Muthoot, Shriram Finance, in the secondary market some of which give a higher yield, “ says Rupesh Bhansali, Head (Distribution), GEPL Capital.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Shapoorji Pallonji seeks bondholder nod for LTV relief on earlier NCDsADVERTISEMENT
