Should I Invest in Niyogin Fintech's BBB- Rated Bond via Wint Wealth?

[Maitri Maniya]

I'm considering an investment in the Niyogin Fintech Jul'25 bond available on Wint Wealth. Here's a quick snapshot:

• Rating: BBB-
• Type: Senior Secured Bond
• Tenure: 12 months
• Yield: 11.75% YTM
• Interest Payout: Monthly
• Security Cover: 1.2x
• Backed by: IndusInd Bank, AU Small Finance Bank

Is this a good fit for a short-term debt allocation?