Saturday, May 21, 2022 | Last Update : 09:35 AM IST

  Business   In Other News  02 Mar 2019  NBFCs turn to public for funds

NBFCs turn to public for funds

THE ASIAN AGE. | RAVI RANJAN PRASAD
Published : Mar 2, 2019, 2:14 am IST
Updated : Mar 2, 2019, 2:14 am IST

So far there have been seven public issue of NCDs from January, compared to 17 such issuances in April-December of FY18-19.

On Thursday, L&T Finance also announced public issue of NCDs worth Rs 1,500 crore with coupon rates of 8.75 per cent to 9.35 per cent.
 On Thursday, L&T Finance also announced public issue of NCDs worth Rs 1,500 crore with coupon rates of 8.75 per cent to 9.35 per cent.

Mumbai: Non banking finance companies, or NBFCs, may raise more money for onward lending through public issues of non-convertible debentures (NCDs) in the calendar year 2019 as institutional investors like mutual funds and insurance companies are becoming more cautious in investing in them.

The last two moths have seen a flurry of NCD issues by prominent NBFC names like Mahindra & Mahindra Financial Services, Shriram Transport Finance, IIFL, Muthoot Finance and Manappuram Finance.

 

On Thursday, L&T Finance also announced public issue of NCDs worth Rs 1,500 crore with coupon rates of 8.75 per cent to 9.35 per cent.

So far there have been seven public issue of NCDs from January, compared to 17 such issuances in April-December of FY18-19.

Tags: nbfc, ncd