DHFL Bonds to offer as high as 9.25 Percent

0

Diwan Housing Finance is aiming to raise upto Rs: 10000/- Crores and will offer as much as 9.25% interest for retail Bonds, which are going to open for subscription from 29th August,2016. 3years bonds will earn 9.10%; Five Year Bonds 9.15% and 7Yrs Bonds will earn 9.25% interest.

Even a person in the highest tax bracket of 30% would net earn about 6.50% for seven years, which is better than bank fixed deposits. The bonds will be listed in stock exchanges for secondary market trading.

Features

Opening & Closing Opening for sale on 29th Aug,2016.

Closing on Monday 12th Sept,2016.

Face-Value Rs: 1000/ each NCD
Minimum Application Size Rs: 10000/- (10 NCDs)
Credit Rating ‘AAA’ by CARE
Registrar Karvy Computershare Pvt Ltd
Listing on BSE & NSE
Issuance of NCD Either in physical mode or Dematerialized
Effective Yield% 3Years 5Years 7Years
Category I & II 9.05% 9.05% 9.05%
Category III & IV 9.10% 9.15% 9.25%

          Our View: – The Bonds look exciting because of falling F.D. rates.

Visit Money Dial for more updates on Best Investment Plan

Share.

About Author

mm

Money Dial is your destination to gain knowledge and earn greater returns in the world of financial market. Through Money Dial, we aim to help you sail smooth in your finances, rise high on returns and invest on success with tips, advice and market gyaan. Whenever you need a little extra help, our team of financial experts is here to guide you through the complex financial world by simplifying it and providing expert solutions to your problems.

Leave A Reply