With interest rate increasing and banks tightening on loan disbursement, lot of companies are hitting the retail markets to raise money. Following chart captures Cumulative Annualized yields across various maturities offered in various NCD schemes as of now. Hope this helps you in making meaningful financial planning decisions.
Source: ICICI Direct, Google Docs
Some comments -
Some comments -
- DHFL is offering the highest rate for all maturities, mostly due to lower credit rating. But spread with HDFC, which is in the same industry, is widening with time. I would be careful in investing for longer duration in this company.
- ICICI Housing finance rates are the worst. Why would anyone would invest in this NCD when industry leader HDFC (presumably more stable in terms of future performance) is offering higher rates at all the maturities.
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