There are ten series of NCDs carrying fixed coupon and having tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly and cumulative interest option. Effective annual yield for NCDs ranges from 8.99% to 10.46%.
The NCDs proposed to be issued under this Tranche I Issue have been rated CRISIL AA-/Negative and ACUITE AA-/Negative.