(1) Debentures can be sold in the stock market
(2) If interest rates fall in future, debenture gets traded at a premium
(3) There is no preclosure penalty for selling the debentures
(4) Lots of corporates, mutual funds invest in debentures for these advantages.
(5) Some of the debntures (like the present offer from Shriram transport) are secured in nature.
In the past few good debentures from TATA, L&T and shriram transport itself have been of much benefit to investors. Investors seeking to invest their money for fixed interest (just like deposits) along with above mentioned advantages can consider this option as a golden opportunity.
Following are the terms of the current NCD offer from Shriram Transport Finance:
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