Non-convertible Debentures are instruments that cannot be converted in to equity shares. Since non convertible debentures are non-convertible, they usually carry higher rates of interest. The debenture holder will have no present or future stake in the company due to the non-convertibility element. They will have a specified life term. At the end of the stipulated period the company redeems the debenture. Non-convertible debentures are backed by those assets which already not been pledged for some other loan(s)
COMPANY Name | Issue Open Date | Issue Close Date | Min Application Size | Aggregate Issue Size | Credit Rating | Termsheet | Form Download |
---|---|---|---|---|---|---|---|
Dewan Housing Finance Corporation Ltd - NCD | 22/05/2018 | 04/06/2018 | Rs.10000/-(10 NCDs) | Rs.12000 Crores | CARE AAA, BWR AAA, Outlook Stable | Download | Download |
JM Financial Credit Solutions Ltd - NCD | 28/05/2018 | 20/06/2018 | Rs.10000/-(10 NCDs) | Rs.2000 Crores | AA/ Stable by ICRA & India Ratings | Download | Download |
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