- Wealth PMS (50L+)
Tata Capital’s Non-Convertible Debentures listed today at the NSE:
|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).