In present scenario investors are scouting for higher yield/interest on their investment in Fixed Income Securities. Above two instruments are offering higher interest rate and are available at par. Both the instruments are not secured, but considering the past track record of the management one can consider part allocation in this securities.
Name of the Issuer | Hinduja Leyland Finance Ltd | Tata Motors Finance Ltd |
Interest Rate | 9.75% | 9.55% |
Nature of Security | Sub Debt Unsecured | Perpetual (Tier I & II) |
Rating | AA- CRISIL/ICRA | A ICRA (Negative) |
Call option | N.A | 1st March 2031 |
Maturity | 18th July 2026 | Perpetual |
Interest Payment Date | 18th February Annual | 1st March Annual |
Date of Issue | 18th February 2021 | 1st March 2021 |
Face Value per Bond | Rs. 10 Lakhs | Rs. 10 Lakhs |
Our offer Price | Rs. 10 Lakhs (At Face Value) | Rs. 10 Lakhs (At Face Value) |
Nature of Holding | In Demat form only | In Demat form only |