Perpetual Non-Convertible Debentures (NCDs) issued by Cholamandalam Investment & Finance Company (CIFCL). These bonds carry an attractive coupon rate of 12.95% p.a. and have been rated AA- (Stable) by ICRA. The bonds are currently available at a yield (YTM) of 12.50%. Please find the related details below: Bond Details: Particulars Details Instrument Perpetual […]
Non-Convertible Debentures (NCDs) issued by Cholamandalam Investment & Finance Company (CIFCL)
February 17, 2012 By 15 Comments
Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC)
November 13, 2011 By 6 Comments
Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC). The interest income earned on such bonds is tax free (u/s 10 clause 15 of Income Tax Act). The bonds are issued by a Government Owned Undertaking and therefore carry a very high credit rating. The issue has been rated ‘AAA/Stable by CRISIL’, ‘LAAA by ICRA’ and […]
Infrastructure Bonds in India
October 15, 2011 By 3 Comments
Infrastructure Bonds in India came into lime light in February 2010 when finance minister Pranab Mukherji proposed the inclusion of long term infrastructure bond in tax saving elements upto the limit of Rs 20000. India business news was filled with this news, it was a big indian economy news. Indian growth story depends upon infrastructure. This came as a […]