RHFL - Reliance Home Finance Bonds

#2
I am not sure why RHFL's bonds are trading at such a big discount.

It's an Anil Ambani Company, no? That's probably why.
 
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Alchemist

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#3
I am not sure why RHFL's bonds are trading at such a big discount.

It's an Anil Ambani Company, no? That's probably why.
Liquidity is also a factor.

There are no buyers for these bonds. Some bonds have bids for only 50-100 bonds.

2022 (9.05%) bonds were trading at a steep discount on Friday. I sold 2032 (9.4%) bonds from my dad's portfolio and purchased the 2022 ones.

 
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Alchemist

Administrator
Staff member
#4
RHFL's balance sheet is totally messed up.

The auditor also raised concern about the company's continuing as a housing finance company because of the material shift in primary business to non-housing finance which comprise more than 50% of total loan portfolio.
https://realty.economictimes.indiat...rth-rs-1553-crore-overdue-in-q1-fy20/70669309

A big chunk of these loans may soon become NPAs.

There has been overdue of Rs. 1,553 crore of these loans as on June 30, 2019.
Even God can't save ADAG now. Maybe the final rites will be postponed till NDA is in power.
 
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