SECURED NCDs OF SREI @ 13.72%

No comments

Terms of the Public Issue


Issue Size
PUBLIC ISSUE BY SREI INFRASTRUCTURE FINANCE LIMITED (THE “COMPANY” OR THE “ISSUER”) OF 20,00,000  SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF  ` 1,000/- EACH (THE “DEBENTURES” or the “NCDs”), AMOUNTING TO  ` 2,000  MILLION (“base issue size”), with an option to retain oversubscription upto  ` 10,000 Million (THE “OVERALL ISSUE SIZE”) (“tranche 2 Issue”) within THE RESIDUAL SHELF LIMIT OF  ` 11,738.569  MILLION and is being offered by way of this tranche 2 prospectus, which should be read together with shelf prospectus DATED SEPTEMBER 22, 2014 (THE “SHELF PROSPECTUS”).
Credit Rating
CARE AA- & BWR AA
Lead Manager
ICICI Securities Ltd, Edelweiss Financial Services Ltd, A.K Capital Services Ltd, SPA Capital Advisors Ltd  & Srei Capital Markets Limited
Trustee
Axis Trustee Services Ltd
Registrar
Karvy Computershare Pvt Ltd
Legal Advisor to the Issue
Khaitan & Co LLP

Issue Opening Date
July 01, 2015
Issue Closing Date
July 20, 2015
Issue Structure:
Series
I#
II***
III**
IV#
V
VI**
Frequency of Interest Payment
Monthly
Annual
Cumulative
Monthly
Annual
Cumulative
Minimum Application
` 10,000/- (10 NCDs) across all Series
Face Value/Issue Price of NCDs (` / NCD)
` 1,000/-
In Multiples of
1000
(1NCD)
1000
(1NCD)
1000
(1NCD)
1000
(1NCD)
1000
(1NCD)
1000
(1NCD)
Tenor from Deemed Date of Allotment
39 months
60 months
Base Coupon (% per annum) for Category I, Category II & Category III Investor(s) (A)
10.00%
10.50%
N.A.
10.25%
10.75%
N.A.
Additional incentive on Base Coupon Rate (% per annum) on any Record Date as applicable to Category III Investor(s) (B)
0.25%
0.25%
N.A.
0.25%
0.25%
N.A.
Coupon Rate (Aggregate of the Base Coupon Rate and the additional incentive (as per B above) on the Base Coupon Rate on any Record Date applicable to Category III Investor(s) {(A) + (B) })
10.25%
10.75%
N.A.
10.50%
11.00%
N.A.
Effective Yield (per annum) for Category I and Category II  Investor(s)
10.46%
10.57%
10.50%
10.74%
10.79%
10.76%
Effective Yield (per annum) for Category IIII investors
10.74%
10.82%
10.77%
11.01%
11.04%
11.00%
Mode of Interest Payment
Through various mode available.
Amount (` / NCD) on Maturity for Category I and Category II  Investor(s)**
1,000
1,000
1,384
1,000
1,000
1,668
Amount (` / NCD) on Maturity for Category III Investor(s) **
1,000
1,000
1,395
1,000
1,000
1,686
Maturity  Date (from Deemed Date of Allotment)
39 months
39
months
39
months
60 months
60
months
60
Months
Institutional, Non Institutional Category Investor(s) and Individual Category Investor(s) can subscribe to all Series of NCDs.
** Subject to applicable tax deducted at source, if any.
*** Our Company shall allocate and allot Series II NCDs wherein the Applicants have not indicated their choice of the relevant NCD Series or have applied for wrong Series.
#Series I & Series IV NCDs would be allotted compulsorily in dematerialized form to all categories of Investors.

No comments :

Post a Comment