Hi guys, I have been trying to figure out where to post this but wasn't sure.
What I am interested in is figuring out how to buy India Infoline recently issued bonds in secondary market. I can't figure out in ICICIDirect. Does anyone know which brokereages handle this?? Some of these are interesting trading at 15% IRR. I have done a small excel exercise to figure out from prices on NSE website(stock quote IIISL). Will be a great help if someone can direct me to the right brokerage that does handle this trading.
Dates are the dates of cash flow and -ve amount is the money needed to buy these bonds today (from NSE).
Option N1
05-09-2011 -975(current price)
01-04-2012 117
01-04-2013 117
01-04-2014 117
18-08-2014 1045(1000 +coupon for April 1-Aug 18th)
IRR 15.01%
Option N2
05-09-2011 -960
18-12-2014 1446
IRR 13.27%
OPTION N3 & N4
05-09-2011 -935
01-04-2012 119
01-04-2013 119
01-04-2014 119
01-04-2015 119
01-04-2016 119
18-08-2016 1045 (1000 +coupon for April 1-Aug 18th)
IRR 15.36%
Edited by luke123 - 05/Sep/2011 at 12:14pm