NCD Issue SREI Infrastructure Finance Limited is coming out with a public issue of Secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each for an amount aggregating upto Rs. 1000 Crores (“Shelf Litmit”). The issue is opens for subscription 7 Sep 2016 and closes on 28 Sep 2016 with an option of early closer or extend
Allotment is on First Come First Serve Basis.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
NCD Issue SREI Infrastructure Finance Ltd – Highlights
| Issuer | SREI Infrastructure Finance Ltd |
|---|---|
| Type of Instrument | Secured Redeemable, NCD |
| Issue Open | 7 Sep 2016 |
| Issue Close | 28 Sep 2016 (with option of early closure or extension) |
| Issue Size | 250 Cr. with an option to retain oversubscription upto Shelf Limit – 1,000 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Interest | Annually |
| Mode of Allotment | D’mat as well as Physical Form |
| Rating | BWR – AA+ |
| Listing | BSE / NSE |
| Application Money Interest (refunded) | |
| Allotment Money Interest | As per Effective Yield |
| Security and Asset Cover | |
| Cheque in favor of |
NCD Issue SREI NCD Specific Term of Issue
| Series | I | II | III | IV | V | VI | VII |
|---|---|---|---|---|---|---|---|
| Tenor | 400 Days | 3 Year | 3 Year | 3 Year | 5 Year | 5 Year | 5 Year |
| Base Coupon – Cat I, II, III | NA | 9.35% | 9.75% | NA | 9.60% | 10% | NA |
| Yield | 9.08% | 9.76% | 9.82% | 9.75% | 10.02% | 10.04% | 10.00% |
| Face Value | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Interest Payment | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative |
| Security | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Maturity | 1100 | 1000 | 1000 | 1322 | 1000 | 1000 | 1611 |
NCD Issue Srei Infrastructure Cheque Details :
Cheque / DD should be drawn in favour of ” SIFL NCD VIII -Escrow Account “ by all applicant
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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About Company
- An Indian NBFCs in India with over 25 years experience in infrastructure sector
- Diversified business across all sectors in infrastructure space
- SREI is classified as “Infrastructure Finance Company Status (IFC)” by Reserve Bank of India (RBI) within the overall classification of Non-Banking Finance company
- SREI manage Assets Under Management of Rs 36,700 Crore, with a net worth of over Rs. 3,539 Crore as on March 31, 2016 on Consolidated basis.
- 99 offices pan India
Key Strengths:
- SEFL, which was earlier a 50:50 joint venture between Srei Infrastructure Finance Limited and BNP Paribas Lease Group, is registered with the RBI as a Non-Deposit Taking NBFC (Category – Asset Finance) and is in the business of equipment financing.
- The project finance segment of the Company provides customized financing to infrastructure projects and their sponsor companies
- The Infrastructure Project Development (IPD) vertical at Srei Infra sponsors PPP ventures and / or business in road sector in our country. These projects are a diversified mix of annuity and toll-based projects and have been awarded by the National Highway Authority of India (NHAI) under National Highways Development Program (NHDP), Ministry of Road Transport & Highways and various state governments.
Business Strategies :
- Company has several strategic investments in infrastructure and financial services space. These are all long term investments held for long term returns
- The philosophy is to invest at an early stage, nurture & grow these businesses. Once these investments reach a critical size/stage Srei looks to bring in strategic or financial partners with similar long term view.
- Of the funding sources, secured loans remain the most significant source of funding across all three of our core finance business groups. Our Secured loans as a percentage of the total sources of funds of our Company as at March 31, 2016, 2015, 2014, 2013 and 2012 stood at 73.46%, 75.05%, 74.44%,70.06% and 66.15%, respectively.
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[wptabtitle] Listing[/wptabtitle] [wptabcontent]NCD Issue SREI Infrastructure Finance Ltd Allotment Listing Details. ISIN No, Interest Payment Date, Script Code, Maturity Amount, Maturity Date
Listing Date NCD Issue SREI Infrastructure
Registrar of Issue : Karvy Computershare Allotment Link
PUNEINVEST – advisor, broker, distributor agent
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