The Smart Investor

Muthoot Finance NCD issue - Series II

2011-12-21T12:07:00.003+05:30

Muthoot Finance is coming out with a public issue of secured, redeemable, non-convertible debentures (NCDs) to raise Rs.300 crore with an option to retain oversubscription up to Rs.300 crore. The issue is open from December 22 to January 7. The face value of each debenture is Rs.1,000 and the minimum application is for five debentures. This will be the second tranche of the NCD issue this year after the previous one in August.

Options

The issue has four investment options with durations of 24 months, 36 months, 60 months and 66 months. The effective yield on the instrument ranges from 13 per cent to 13.45 per cent per annum. The investment doubles in 66 months when the bonds are redeemed.

If you are looking to move some of your holdings from equities, you can consider subscribing to Muthoot Finance's secured NCDs, as interest rates are attractive. However, do not expose too much of your debt holdings to this issue, as it is not entirely risk-free.

EPFO Committe rejects proposal to invest 15% of corpus in stocks

2009-03-26T06:39:00.000+05:30

The Finance Ministry’s ambitious plan of investing Employees’ Provident Fund Organisation (EPFO) money in the stock market comes a cropper.

Sodexo acquires Radhakrishna Hospitality for Rs.520 crore

2009-03-11T06:40:00.001+05:30

French global food & facilities management company Sodexo has acquired Radhakrishna Hospitality Services Group (RKHS) to become the leading Food and Facilities Management services company in India. The deal, valued at approximately $100 million (Rs.520 crore), was formalised yesterday and informed to the Paris Stock Exchange.

SBI offers auto loans at 10% for first year

2009-02-21T06:49:00.000+05:30

Looks like State Bank of India (SBI) has decided to flex it’s muscles big time… After slashing home loan rates to 8% for a year, they have announced an offering of auto loans at an interest rate of 10% for the first year (presently 11.50-12%).

Moved to WordPress

2007-12-01T12:12:00.003+05:30

This blog has finally moved to WordPress and can be seen at http://www.the-smart-investor.org/. Do drop by and take a look. There have been some problems in doing so, though, due to which I've lost some posts, and am trying to recover them, and hope to iron out any problems as the days go by. Any suggestions and comments are most welcome.

The feed would continue to remain the same, which is http://feeds.feedburner.com/TheSmartInvestor