Private Placement – 13.75% Peninsula Land Ltd. (Secured NCD)

Peninsula Land Ltd. , a profit making Real Estate Developers Company, has launched (Secured)  Non Convertible Debentures (NCD)  to collect Rs. 100 Crs, including green shoe option of Rs 50 Crs. With credit rating (“A“ by ICRA) with coupon rates of 13.25% – 13.75% P.A. payable annually under options  2 Yrs,  3 Yrs &  5 Yrs plans.

For Investments , mail at - aarkay@moneyvriksh.com

Terms:

Issuer	Peninsula Land Limited (‘the Issuer’/ ‘the Company’/ ‘the Borrower’/ ‘PLL’)
Amount	Rs. 100 Crs, including green shoe option of Rs 50 Crs
Instrument	Secured Redeemable Non-Convertible Debentures (‘NCD’/ ‘Debentures’)
Security	Exclusive charge on specific assets, owned by the company and/or its subsidiaries, in favor of the Debenture Trustee, such that a minimum asset cover of 1.50 times is maintained at all times during the currency of the Debentures.
Face Value	Rs.10,00,000/-
Minimum Subscription	5 Debentures and in multiple of 1 Debenture thereafter
Form of Issuance	Only in Dematerialized form
Credit Rating	“A“ by ICRA
Tenor (Door to Door)	2 Years (24 months)	3 Years (36 months)	5 Years (60 months)
Put / Call Option	None	None	None
Redemption	At par in 2 equal half yearly installments starting from the end of 18th month from the deemed date of allotment	At par in 4 equal half yearly installments starting from the end of 18th month from the deemed date of allotment	At par in 5 equal half yearly installments starting from the end of 36th month from deemed date of allotment.
Coupon Rate	13.25 % p.a.	13.75 % p.a.	13.75 % p.a.
Coupon payment frequency	Annual	Annual	Annual
Interest on Application Money	At the coupon rate (subject to deduction of tax at source, as applicable) from the date of realization of cheque(s)/ demand draft(s)/ RTGS upto one day prior to the Deemed Date of Allotment
Debenture Trustee	IDBI Trusteeship Services Limited
Listing	Proposed to be listed on the Wholesale Debt Market (WDM) Segment of the Bombay Stock Exchange Limited

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Tags: June 2012, NCD, Private Placement

Category: Blog, Fixed Deposit