SECURED NCDs OF SREI @ 13.72%
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.
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