Bearer Bonds

Bearer bonds vest the ownership with the person who is having mere possession of it. The transfer of such securities can be made by mere delivery. If it is lost, the owner loses all his rights or title to it.

Public Sector Undertaking Bonds

The pubic sector undertaking bonds are debt instruments issued by various public sector units such as Indian Railway Finance Corporation. Nuclear Power Corporation of India, Coal India Ltd. And, Power Finance Corporation. These bonds have seven-year maturity and are normally secured against fixed or floating charge on fixed assets, book debts or other current assets.