What are Senior Secure Bonds?

Senior Secure Bonds are those which are backed by a security pool which can be either secured as well as unsecured loans.

The term “senior” in the “senior secured bond” indicates that the bondholders enjoy the senior-most priority to get repaid in case the NBFC defaults.

These are similar to secured NCDs.

InCred Senior Secure NCD Bonds – Jan-2022 – Issue Details

These senior secure bonds are issued by NBFC – InCred Financial Services Limited. These are available on Wint Wealth platform and can be purchased from your demat account login too.

These bonds open for subscription on 24th January, 2022 and closes on 14th February, 2022. If these are subscribed fully, the issue can close before closure date.

These secured bonds offer interest rates between 9.25% to 9.65% XIRR.

These bonds are issued in 3 different series for a tenure of 1 year-1 day and 2 years.

Interest is paid every year.