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Tag Archives: Shriram NCDs

Shriram City Union Finance secured NCD public issue


Shriram City Union Finance, an NBFC, has come out with a secured NCD issue which is open from 12th Sept – 26th Sept 2012.

What are secured NCDs and how safe are they?

NCDs stand for Non-convertible debentures are debt instruments issued by corporates and NBFCs (Non Banking Finance Companies) and they are secured by a charge against the companies’ assets. This means that in the event of liquidation of the company, the claims of NCD holders will be given preference over the unsecured asset holders like the share holders.

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