Tata Capital’s Non-Convertible Debentures listed today at the NSE:
Bond | Price | Volume (Lakhs) |
100K Bond Monthly Dividend | 100,502.00 | 18.33 |
1K Bond Quarterly Dividend | 1,032.44 | 8.14 |
1K Bond Annual Dividend | 1,037.45 | 261.44 |
1K Bond Cumulative Dividend | 1,020.68 | 453.95 |
Yields, where I can calculate them, are 10.3% to 10.5%.
Liquidity is an issue at the lower end, but the Annual and Cumulative options seem to have reasonable trading going on. This is one of those must-keep-watching bits, especially if yields go above 12% (i.e. prices fall below the 1000 face value).
