InCred Financial Services offers upto 10.29% return on redeemable NCDs. Details here
₹10,000 and in multiples of ₹1,000 thereafter. The face issue price per NCD is ₹1,000. The issue’s base size is ₹150 crore with option to retain over subscription up to ₹150 crore.
The basis of allotment is first come first serve basis. The tenor will be 18, 24 and 36 months with interest paid monthly, quarterly and annually. The coupon per annum will be 9.48 for 18 months (interest paid monthly- Series I).
The coupon per annum will be 9.55 percent for 24 months (interest paid quarterly- Series II), 9.66 percent for 24 months tenor (interest paid monthly -Series III). In case of 36-month tenor, coupon rate will be 10.30 percent (interest paid annually - Series IV) and 9.64 percent (interest paid monthly - Series -V). The effective yield for series V turns out to be 10.29 percent.
One can invest in the bond IPO in simple steps without having to go for a KYC. One has to select the IPO series, enter demat and payment details in order to receive the bond IPO units in your demat account. "Exciting news! Mint is now on WhatsApp Channels
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