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India Infoline Finance’s NCD issue receives overwhelming response

19 Sep 2013 Evaluate

India Infoline Finance’s public issue of secured redeemable Non-Convertible Debentures (NCD) aggregating Rs 525 crore, receiving overwhelming response has been oversubscribed by 1.03 times at the close of bidding time on September 18. 

The debentures, which opened for subscription on September 17, will remain open till October 4, as the company has option to retain oversubscription up to Rs 525 crore aggregating Rs 1,050 crore of the overall NCD size.

Further, the NCDs have an option of monthly and annual interest payment. The yield works out to be at 12.68% per annum for the monthly interest option and 12% per annum for the annual one.

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