Reliance Home Finance Limited is coming out with a public issue of Unsecured & Secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each for an amount aggregating upto Rs. 3,500 Crores (“Shelf Litmit”). The issue is opens for subscription 22 Dec 2016 and closes on 6 Jan 2017 (Early Close 23 Dec ) with an option of early closer or extend
Allotment is on First Come First Serve Basis.
NCD Issue Reliance Home Finance Ltd – Highlights
| Issuer | Reliance Home Finance Ltd |
|---|---|
| Type of Instrument | Unsecure and Secured Redeemable, NCD |
| Issue Open | 22 Dec 2016 |
| Issue Close | 6 Jan 2017 (with option of early closure or extension) |
| Issue Size | 3,500 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Interest | Monthly , Annually , Cumulative |
| Mode of Allotment | D’mat as well as Physical Form |
| Rating | Secured Option CARE AA+ Unsecured Option – CARE AA |
| Listing | BSE / NSE |
| Application Money Interest (refunded) | 8.00% |
| Interest on Refund Amount | 5.50% |
| Security | |
| Security and Asset Cover – (Unsecured Option) | No security will be Unsecured NCD in the nature of Subordinated Debt. |
NCD Issue Reliance Home Finance NCD Specific Term of Issue
Secured Category Interest Rate
| Series | I | II | III |
|---|---|---|---|
| Tenor | 3 Year | 5 Year | 10 Year |
| Coupon – Cat I, II | 8.70% | 8.90% | 9.00% |
| Coupon – Cat III & IV | 8.90% | 9.05% | 9.15% |
| Face Value | 1000 | 1000 | 1000 |
| Interest Payment | Annual | Annual | Annual |
| Security | Secured | Secured | Secured |
| Maturity | 1000 | 1000 | 1000 |
Unsecured Category Interest Rate
| Series | IV |
|---|---|
| Tenor | 15 Year |
| Coupon – Cat I, II | 9.25% |
| Coupon – Cat III & IV | 9.40% |
| Face Value | 1000 |
| Interest Payment | Annual |
| Security | Un-Secured |
| Maturity | 1000 |
Reliance Home Finance Ltd NCD Issue Cheque Details :
Cheque / DD should be drawn in favour of ” RHFL NCD Escrow Account “ by all applicant
About Company
- Reliance Home Financce Ltd; a non deposit taking finance company register with NHB and focused on providing financing products for LMI to HMI segment in India, primarily in Tier II and Tier III Cities and towns and focused on the self-employed. It has been active in the housing finance sector in India since 2009. It is wholly owned subsidiary of Reliance Capital ltd
- The Company has marketing and distribution network, with a presence across 100 locations though 43 branches, throughout India as at 30 Sep 2016.
Reliance Home Finance NCD Registrar – Karvy Computershare
Reliance Home Finance NCD Issue Allotment Date Listing Date, Maturity Date Interest Payment Date, ISIN No Interest Payment Date
PUNEINVEST – advisor, broker, distributor agent
