Should you go for IIFL Fin’s NCD issue offering 10.03% yield?
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According to experts, unsecured NCDs are much riskier than secured NCDs as the bonds are backed by the company’s assets
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IIFL Finance Ltd on Wednesday will launch a non-convertible debenture (NCD) issue of up to ₹1,000 crore, offering an effective yield of up to 10.03%. The issue is part of the company’s fundraising plan, under which it aims to raise up to ₹5,000 crore.
The latest issue of unsecured NCDs has a base size of ₹100 crore with a greenshoe option to retain oversubscription of up to ₹900 crore.