New Non Convertible Debenture (NCD) isuue.

Are you looking for fixed income from interest?

You might be aware about Non Convertible Debenture (NCD). So let’s talk about new coming NCD in market.

Here I am trying to give you maximum useful details about NCD but it’s just factual data there is no recommendation or no opinion express by me for purchasing any of this NCD.

You have to analyze the details and have to choose which option is perfect for you.

First:- JM Financial Credit Solution Ltd                                 

 

 

Issue Opening Date: 28^th May, 2018

Issue Closer Date    : 20^th June, 2018

 

Application: Must be in Demate form not available in physical form.

Rating:

Agency	Rating	Outlook	Interpretation
ICRA	AAA	Stable	Low Risk
IND	AAA	Stable	Low Risk

 

Minimum Amount of Application is Rs. 10,000.00 (10 Debenture of Rs.1000.00 each)

Interest and Period: As define below.

Class / Series	I	II	III	IV	V	VI
Value Per NCD (INR)	1000	1000	1000	1000	1000	1000
Minimum Amount Required (INR)	10000	10000	10000	10000	10000	10000
Minimum NCD Required (No.)	10	10	10	10	10	10
Issue Price Per NCD (INR)	1000	1000	1000	1000	1000	1000
Frequency of Interest Payment	Annual	Cumulative	Annual	Monthly	Annual	Monthly
Period	38 Month	38 Month	60 Month	60 Month	120 Month	120 Month
Effective Yield (Per annum)	9.26%	9.24%	9.49%	9.49%	9.74%	9.74%

 

 

 

Second:- DEWAN HOUSING FINANCE CORPORATION LIMITED  [HDFC]

 

Opening Date: 22^nd May, 2018

Issue Closer Date    : 4^th June, 2018

 

Application: Demate form or Physical form.

Rating:

Agency	Rating	Outlook	Interpretation
CARE	AAA	Stable	Low Risk
BWR	AAA	Stable	Low Risk

 

Minimum Amount of Application is Rs. 10,000.00 (10 Debenture of Rs.1000.00 each)

Interest and Period: As define below.

 

For Category I & II (“QIBs”) / (“Corporates”)

Class / Series	I	II	III	IV	V	VI	VII**
Value Per NCD (INR)	1000	1000	1000	1000	1000	1000	1000
Minimum Amount Required (INR)	10000	10000	10000	10000	10000	10000	10000
Minimum NCD Required (No.)	10	10	10	10	10	10	10
Issue Price Per NCD (INR)	1000	1000	1000	1000	1000	1000	1000
Frequency of Interest Payment	Annual	Annual	Annual	Annual	Monthly	Monthly	Annual
Period	36 Month	60 Month	84 Month	120 Month	120 Month	60 Month	36 Month
Interest Type	Fixed	Fixed	Fixed	Fixed	Fixed	Fixed	Floting
Effective Yield (Per annum)	8.90%	9.00%	9.00%	9.00%	8.90%	9.00%	MIBOR + 2.16%

For Category III (“High Networth Individuals”) @ #

Class / Series	I	II	III	IV	V	VI	VII**
Value Per NCD (INR)	1000	1000	1000	1000	1000	1000	1000
Minimum Amount Required (INR)	10000	10000	10000	10000	10000	10000	10000
Minimum NCD Required (No.)	10	10	10	10	10	10	10
Issue Price Per NCD (INR)	1000	1000	1000	1000	1000	1000	1000
Frequency of Interest Payment	Annual	Annual	Annual	Annual	Monthly	Monthly	Annual
Period	36 Month	60 Month	84 Month	120 Month	120 Month	60 Month	36 Month
Interest Type	Fixed	Fixed	Fixed	Fixed	Fixed	Fixed	Floting
Effective Yield (Per annum)	8.90%	8.90%	8.90%	8.90%	8.90%	8.90%	MIBOR + 2.16%

For Category IV (“Retail Individual Investors”) @ #

Class / Series	I	II	III	IV	V	VI	VII**
Value Per NCD (INR)	1000	1000	1000	1000	1000	1000	1000
Minimum Amount Required (INR)	10000	10000	10000	10000	10000	10000	10000
Minimum NCD Required (No.)	10	10	10	10	10	10	10
Issue Price Per NCD (INR)	1000	1000	1000	1000	1000	1000	1000
Frequency of Interest Payment	Annual	Annual	Annual	Annual	Monthly	Monthly	Annual
Period	36 Month	60 Month	84 Month	120 Month	120 Month	60 Month	36 Month
Interest Type	Fixed	Fixed	Fixed	Fixed	Fixed	Fixed	Floting
Effective Yield (Per annum)	8.90%	9.00%	9.00%	9.10%	8.90%	9.00%	MIBOR + 2.16%

** Floating rates

            Benchmark MIBOR (as defined in Tranche 1 Prospectus) as Reference Overnight MIBOR published by FBIL computed on an annualized basis. Subject to reset annually based on Overnight MIBOR benchmark rates.

 

@ Incentive to senior citizens

Category III and Category IV Investors in the proposed Tranche 1 Issue who are senior citizens on the Deemed Date of Allotment shall be eligible for an additional incentive of 0.10% p.a. provided the NCDs issued under the proposed Tranche 1 Issue are continued to be held by such investors under Category III and Category IV on the relevant Record Date applicable for payment of respective coupons. This incentive shall be applicable on an amount not exceeding initial subscription amount.

 

# Loyalty additions

Category III and Category IV Investors in the proposed Tranche 1 Issue, who are initial allottees as on the Deemed Date of Allotment, shall be eligible for a one-time additional incentive of 0.50%, 0.70%, 1.00% and 0.50% for Series II, Series III, Series IV and Series VI respectively, payable along with last interest payment, provided the NCDs under Series II, Series III, Series IV and Series VI, as applicable, are held by such investors under Category III and Category IV on the relevant Record Date, for all interest payments including the last interest payment. This incentive shall be applicable on an amount not exceeding initial subscription amount.

I hope you can make decision based on above data provided.

Thanks.

Reference: JM Financial Services

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett”

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