Saturday, July 10, 1999
Icra assigns higest safety rating to ICICI on-tap bonds
The Investment Information and Credit Rating Agency (Icra) has assigned a `LAAA' rating to the Rs 15,000-crore on-tap bonds to be issued by ICICI in 1999-2000. The rating indicates highest safety.
CDSL, NSDL hookup likely by August 7
At a meeting convened by Sebi chairman DR Mehta in Mumabi yesterday it was decided that interconnectivity depositories, NSDL and CDSL, will be established by August 7 after due testing.
It's time to exit from US-64
Unit Trust of India has drastically pruned the dividend of its Unit Scheme '64 from 20% to 13.50%. This implies a yield of 9.64%. All logical rationale implies that an investor should exit from the fund now.
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