The Reserve Bank of India (RBI) has announced the launch of Retail Direct scheme, allowing retail investors to open free gilt accounts directly with the central bank.   Opening the Retail Direct Gilt (RDG) account will allow retail investors to buy government dated securities,...

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India Grid Trust, a listed infrastructure investment trust (InvIT) holding power sector assets, is planning to raise up to Rs1,000 crore through the issuance of secured non-convertible debentures (NCDs). The first tranche of the public NCD issue will open tomorrow on 28 April 2021 and will...

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Real Estate Investment Trusts (REITs) are a new asset class in the Indian financial market that offers exposure to income-generating commercial real estate. Essentially, REITs give the chance to own a pie of a commercial real estate and enjoy its rents and capital appreciation, similar to...

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The initial public offering (IPO) of Brookfield India Real Estate Trust (REIT), which opened on 3rd February and will close on 5th February, aims to raise Rs3,800 crore through the issuance of fresh units. This will be the third such public offering after Embassy Office Parks REIT, a...

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Power Finance Corporation (PFC), a public sector financial services firm backing the Indian power sector, is planning to raise as much as Rs10,000 crore through the issuance of non-convertible debentures (NCDs). The first tranche of the NCD, with a plan to raise Rs5,000 crore, opened on 15...

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Edelweiss Financial Services (EFL), a financial services conglomerate, has issued non-convertible debentures (NCDs) paying up to 9.95%pa (per annum). The financial services firm plans to raise Rs200 crore from the sale of its NCDs.   The NCDs will pay a minimum 9.35%pa and maximum...

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Muthoot Finance, a non-banking finance company (NBFC) known for providing personal and business loans against gold or gold jewellery, plans to raise Rs100 crore through a second tranche of its issue of secured non-convertible debentures (NCDs). The NBFC plans to retain any...

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Kerala-based Muthoot Finance Ltd (MFL) plans to raise Rs4,000 crore from the public through an issue of secured non-convertible debentures (NCDs). Subscriptions to tranche-1 issue of the NCDs for Rs2,000 crore (out of the total shelf limit of Rs4,000 crore) open on 27 October 2020 and will...

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India’s second real estate investment trust (REIT) is all set to launch next week. The initial public offering (IPO) of Mindspace Business Parks REIT, owned by K Raheja group and Blackstone (a global private equity firm), will open on 27th July and close on 29th July, hoping to raise Rs4,500...

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As interest rates on bank fixed deposits (FDs) go below 6%, those looking to earn high returns are moving to non-traditional avenues such as company deposits. Some companies are allowed to raise capital through borrowing directly from retail investors. We will discuss the FDs offered by three...

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There are two new safe investment products launched in the market for retail investors. These are the short-term and long-term Bharat Bond exchange traded funds (ETFs) and the Floating Rate Savings (FRS) Bonds, 2020.   Both the instruments are safe investments. The Bharat Bond ETFs...

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The Indian government has reduced the interest rates on small savings schemes by 70 to 140 basis points (bps) for April-June quarter of 2020.    In a notification, the department of economic affairs (DEA), says, public provident fund (PPF) interest rates in the June...

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Tata Capital Housing Finance (TCHF) plans to raise Rs2,000 crore through the issue of both, secured and unsecured, redeemable non-convertible debentures (NCDs).    Subscription to the first tranche of its NCD issue for the public will commence on 7 January 2020 and end on17...

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Shriram Transport Finance Company (STFC) plans to raise Rs1,000 crore through the issue of secured, redeemable non-convertible debentures (NCDs). Subscription to the second tranche of its public NCD issue will commence on 6 January 2020 and end on 22 January 2020, or earlier, at the company’s...

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L&T Finance Ltd (LTFL), a systemically important non-banking finance company (NBFC) is offering secured non-convertible debentures (NCDs). LTFL plans to raise a total Rs1,500 crore wherein the base issue size is Rs500 crore. The NCD issue is the third tranche of a series of borrowings planned...

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After the successful management of the two equity ETFs (exchange traded funds), namely, Bharat 22 and Central Public Sector Enterprises, the Union Cabinet has approved the launch of India’s first corporate bond ETF – Bharat Bond.   ETFs are a basket of securities, similar to mutual...

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Kerala-based Muthoot Finance Ltd plans to raise Rs790 crore from the public through an issue of secured non-convertible debentures (NCDs). Subscriptions to the tranche-4 issue of NCDs opened on 29 November 2019 and will end on 24 December 2019, or earlier, at the company’s discretion. The...

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For some time now, the Reserve Bank of India (RBI) has been trying to increase retail participation in State Development Loans (SDLs)—debt papers issued by the state governments to raise money from investors.    SDLs pay slightly higher interest than the debt securities issued by the...

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ECL Finance (ECLF), a non-banking finance company (NBFC), plans to raise Rs500 crore through the issue of secured non-convertible debentures (NCDs). The proposed NCD issue is the second tranche in a series of borrowings.   Subscriptions to the Tranche-II issue commenced on 4 November...

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Not long after the wounds of the shadow banking crisis from the fallout of Infrastructure Leasing & Finance company, Dewan Housing Finance Ltd (DHFL) and Yes Bank, a new problem emerged in the fixed-income sector. The cause of the problem is the same—bad loans—but it has now caught even the...

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