Non-convertible Debentures (NCDs)

Public Issuances

Name Issue Size (crs.) Rating Issue Period* Price Coupon rate % p.a.# Status Action
India Grid Trust 1000 CRISIL AAA April 28 – May 09, 2021 Rs, 1000 6.75% to 8.20% On-Going Invest Now
Muthoot Fincorp Ltd 200 CRISIL A+ April 07- April 29, 2021 Rs. 1000 8.25% to 9.75% On-Going Invest Now

* The Issue may close on earlier date or extended date as may be decided by the Board or NCD Committee.

# The Coupon Rate % p.a. shown above is for Retail & HNI Investor Category.

Research View: India Grid Trust NCD (Subscribe): Higher coupon investment option

India Grid Trust NCD is offering coupon rate in the range of 6.65-8.20% for investment horizon of three to 10 years. Stable revenue of underlying operational assets, cash flow stability with strong counterparties and strong financial risk profile along with established institutional investors as promoters, high credit rating and higher interest rate compared to other AAA rated investment options make IndiGrid NCD an attractive long term debt investment option.

The 1,000-crore NCD issue of India Grid Trust opens on April 28 and closes on May 7. The NCDs rated the highest AAA will be issued on a first come, first served basis.

Click here to read detailed Research Report

What are Bonds & NCDs?

Bonds and Non-convertible debentures (NCDs) are debt market instruments which represent a loan made by an investor to a borrower/Issuer (typically Government, Corporations & other organizations.

Investors are offered fixed interest on investment value which is commonly referred to as Coupon.

Most instruments have a finite period often referred to as tenure or maturity.

Once issued, these instruments trade on stock exchanges allowing investors to enter/exit securities in secondary market.

Price movement of debt instruments is inversely proportional to interest rates i.e. decrease in current interest rates causes prices of listed debt securities to move higher and vice versa.

Features and Benefits of Bonds & NCDs

  • Access to Government & Top Rated Corporate Papers
  • Fixed, Regular & Predictable Income
  • Flexible Payouts - Quarterly, Half-yearly, Annual & Cumulative
  • Capital Preservation
  • Portfolio Diversification
  • Listed on Stock Exchanges
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