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(Rs.Cr)
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Secured NCDs by Religare Finvest Ltd (RFL). The bonds have been rated LAA- by ICRA indicating a high degree of safety regarding timely servicing of financial obligations and carrying low credit risk. These NCDs offer a highcoupon rate of 12.15% p.a. and with us its currently available at 12.75% p.a. Yield.
With the RBI showing signs of monetary easing, the time is opportune to invest in good quality corporate bonds with a medium to long term investment horizon. Apart from fetching attractive coupon rates, there is also an opportunity to make capital gains on bonds if interest rates eventually soften.
Bond Details:
Details
|
Particulars
|
Rating
|
LAA- by ICRA
|
Face Value
|
Rs.1000
|
Current Price
|
Rs.989
|
Coupon/Interest Rate
|
12.15% p.a
|
Yield p.a.
|
12.75% p.a
|
Interest Payment Frequency
|
Annual
|
Maturity
|
23 Sep 2014
|
Put/Call option
|
N.A
|
Issuance
|
Demat Form
|
Company Overview:
Religare Finvest, a 100% subsidiary of Religare Enterprises Ltd, is a SME (Small & Medium Enterprise) financing focussed NBFC with a wide network of branches. It is a registered NBFC which concentrates on providing debt to encourage SMEs and credit like Loan against Property, Loan for Commercial Vehicles, Personal Finance etc. With a belief that the customer’s success is their success, its presence in 39 branches across all major cities plays a vital role in nurturing the customers business while growing to a book size of over US $2 Bn.
Company Financials:
Particulars
|
Mar-09
|
Mar-10
|
Mar-11
|
Total Income
|
354.68
|
536.16
|
1,163.15
|
Profit after Tax
|
46.04
|
102.83
|
114.77
|
Networth
|
1,342.69
|
1,465.67
|
1,610.13
|
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