Issue details for IIFL Home Finance;
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| Issue Period |
6th July to 28th July 2021 |
| Minimum Application |
10 NCDs and in multiples of 1 thereof |
| FV/Issue Price |
Rs. 1000 per NCD |
| Terms of Issue |
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|
|
| Series |
I |
II |
III |
| Frequency of Payment |
Annual |
Monthly |
At Maturity |
| Tenor |
87 Months |
87 Months |
87 Months |
| Yield |
10% |
10.03% |
10.03% |
Issue details for Piramal Capital & Housing Finance;
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|
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| Issue Period |
12th July to 23rd July 2021 |
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|
|
| Minimum Application |
10 NCDs and in multiples of 1 thereafter |
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|
|
| FV/Issue Price |
Rs. 1000 per NCD |
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|
|
| Terms of Issue |
|
|
|
|
|
| Series |
I |
II |
III |
IV |
V |
| Frequency of Payment |
Annual |
Cumulative |
Annual |
Annual |
Annual |
| Tenor |
26 Months |
26 Months |
30 Months |
60 Months |
120 Months |
| Yield |
8.35% |
8.35% |
8.50% |
8.75% |
9.00% |
The interest rate on first glance on these NCDs look so attractive when compared to Bank Deposits. The highest being Yes Bank at 6.5% and there could be few other small finance banker offering higher.
But these rates are too good to be true. Hope investors will do their own due diligence before investing.