DHFL and Other Taxable Bond Issues
Several taxable bond issues will hit the market in absence of tax-free bonds. The NCD (non-convertible debenture) issue of Dewan Housing Finance Ltd opened on 29th August and closed in a day on 30th August. It offered interest rates of up to 9.25% for 84 months, 9.15% for 60 months and 9.10% for 36 months. Rating is CARE AAA and BWR AAA rating by Brickwork. Demat and physical options are...
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