Should You Go for Unsecured and Subordinated NCDs?
SREI Equipment Finance Ltd (a subsidiary of SREI Infrastructure Finance Ltd) has come out with a public issue of unsecured, subordinated and redeemable non-convertible debentures (NCDs). The interest rate is 9.30% for 5 years and 3 months, 9.40% for 7 years and 9.55% for 10 years. There will be 0.15%pa (per annum) additional incentive for existing bondholders and shareholders, senior...
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