NCDs: Aditya Birla Fin NCDs offer an AAA-rated alternative to bank FDs

Aditya Birla Finance has the room to raise as much as ₹2,000 crore through the NCDs issue, which opens on September 27 and closes on October 12, with an option to close early on account of oversubscription. The instrument, which has the highest AAA credit rating, has a face value of ₹1,000 apiece and investors need to apply for a minimum of 10 NCDs worth ₹10,000.

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