FIXED INCOME


Maya M 26 October 2020
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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Maya M 24 July 2020
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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Clinton Fernandes  and   Maya M 16 July 2020
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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Moneylife Digital Team 10 July 2020
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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Moneylife Digital Team 01 April 2020
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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Clinton Fernandes 06 January 2020
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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Clinton Fernandes 04 January 2020
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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Moneylife Digital Team 13 December 2019
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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Clinton Fernandes 10 December 2019
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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Moneylife Digital Team 07 December 2019
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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Moneylife Digital Team 21 November 2019
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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Moneylife Digital Team 05 November 2019
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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Moneylife Digital Team 04 October 2019
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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Moneylife Digital Team 27 September 2019
Muthoot Finance plans to raise Rs1,000 crore from the public through the issue of secured non-convertible debentures (NCDs). Subscriptions to the tranche-3 issue of the NCD opened on 27 September 2019 and will end on 25 October 2019, or earlier, at the company’s discretion. The NCDs are...

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Moneylife Digital Team 19 September 2019
When investing for the short term or earning a fixed return with highest capital protection, bank fixed deposits (FDs) are a convenient choice for many. However, bank FDs are no longer offering high returns as they did a few years back. Many banks have reduced their term deposit rates to...

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Moneylife Digital Team 16 August 2019
Tata Capital Financial Services (TCFSL) plans to raise Rs4,126 crore from the public through the issue of secured and unsecured non-convertible debentures (NCDs). Subscriptions to tranche-2 of the issue of the NCDs commenced on 13 August 2019, and will end on 23 August 2019, or earlier, at...

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Moneylife Digital Team 07 August 2019
India Infoline Finance (IIFL Finance) plans to raise Rs1,000 crore from the public through the issue of secured and unsecured non-convertible debentures (NCDs). Subscriptions to tranche-2 of the issue of the NCDs commenced on 6 August 2019 and will end on 30 August 2019, or earlier, at the...

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Moneylife Digital Team 01 August 2019
Indiabulls Consumer Finance Limited (IBCFL) plans to raise Rs1,000 crore from the public through an issue of secured redeemable non-convertible debentures (NCDs). Subscriptions to tranche-3 of the issue of NCDs commenced on 31 July 2019 and will end on 30 August 2019, or earlier, at the...

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Moneylife Digital Team 18 July 2019
Shriram Transport Finance Company (STFC) plans to raise Rs10,000 crore through the issue of secured, redeemable non-convertible debentures (NCDs). Subscription to the issue commenced on 17 July 2019 and will end on 16 August 2019, or earlier, at the company’s discretion. The NCDs are offering...

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Prominent private and public provident funds like Infosys Ltd PF, Hewlett-Packard Global Ltd PF, The Times of India PF, the Postal Life Insurance Fund, the NPS Trust, and the Army Group Insurance Fund are exposed to non-convertible debentures (NCDs) of IL&FS Financial Services (IFIN), the...

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