Can anyone tell me what are nonconvertible debentures?
Nonconvertible debentures are unsecured bonds that cannot be converted to company equity or stock. These are basically used as a tool to raise long-term funds by companies through a public issue. Being risky in nature you can get a higher rate of return for such debentures compared to convertible debentures.
Non-Convertible Debentures, also known as NCDs, are like bonds with a fixed tenure and interest rate. They cannot be converted into equity shares like convertible debentures. Read this blog post to know more about NCDs - https://blog.bankbazaar.com/term-of-the-week-non-convertible-debenture-aka-ncd/.