I wrote this post with my thoughts on the whole Franklin India debt schemes fiasco. But since then, there’s been more action in debt funds. I still can’t get over the fact that these damn things are supposed to be boring. Debt is supposed to the thing that allows you to sleep at night peacefully,… Continue reading What the hell is going on with debt mutual funds?
Category: Bonds
Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL
Oh, here’s some bit of good news for DHFL…finally! Private equity giant Blackstone looks set to acquire Wadhawan Global’s 70% stake in Aadhar Housing. DHFL which owns 9.15% in the company will also offload its stake. ET is pegging the deal at Rs 2700 cr. Also, check this Tweet out by Andy Mukherjee: Will be… Continue reading Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL
Pain in DHFL bonds continues
I can’t seem to get over this. Although the 40% YTM number on that 0 coupon bond is shocking, I can understand that, that bond is thinly traded. But even the other NCDs with relatively more volumes are yielding between 20% to 26% – I mean wassup with that? Here’s a monthly chart depicting the… Continue reading Pain in DHFL bonds continues
Zero Coupon DHFL bond is yielding 42% 😱
Ok…this is just crazy. The Series VII B – Zero Coupon NCD of DHFL is yielding about 42.4% now. Other DHFL bonds are yielding about 16%-20%