SREI INFRASTRUCTURE FINANCE LIMITED NCD (Sept 2012)

SREI Infrastructure Finance Limited has come out from Sept 20, 2012 with Public issue of Secured NCD for collection of 75 Crore with an option to retain over subscription upto 75 Crore, aggregating 150 Crore with face  value of Rs. 1,000/- per NCD (Minimum 10 NCDs under Option III & IV of the scheme).

SREI has been  serving in the infrastructure sector: Infrastructure Project Finance, Advisory and Development, Infrastructure Equipment Finance, Venture Capital, Capital Market and Insurance Broking.

For Application Form, mail us: aarkay@moneyvriksh.com

Issue Details:

Issuer/ Borrower	SREI INFRASTRUCTURE FINANCE LIMITED
Nature of Issue	Secured Redeemable Non Convertible Debentures
Issue Schedule	September 20, 2012 to October 25, 2012
Issue Size	Rs. 75 Crores with an option to retain over-subscription up Rs. 75 Crores aggregating upto Rs. 150 Crores
Credit Rating	‘CARE AA (Double AA)’ by CARE & ‘BRW AA (Double AA)’ by BRICKWORK
Mode of Allotment	Compulsorily in dematerialized form
Face Value/ Issue Price of NCD	Rs.1,000
Mode of Interest Payment	Through Various options available
Listing	Proposed to be listed on BSE
Trading Lot	1 (one) NCD
Registrar	Link Intime India Private Limited
Cheque/ DD details	Payable to “SIFL – NCD 1 Public Issue Escrow” and must be crossed “A/c Payee only”
Depositories	NSDL and CDSL
Trustees	Axis Trustee Services Limited
Pay-in date	3 (three) Working Days from the date of receipt of application or the date of realisation of the cheques/demand drafts, whichever is later.
Security	Exclusive charge on specific receivables of the Company with an asset cover of 1.0 time of the total outstanding amount of NCDs, as may be agreed between the Company and the Trustees for the Debentures Holders and pari-passu mortgage/charge on its identified immovable property.
Interest on application Money	Used towards allotment of NCDs: 10.00% p.a. (only for Non ASBA) Liable to be refunded: Nil
Record Date	In connection with Series I, Series II and Series III NCDs, 7 (seven) Working Days prior to the date on which interest is due and payable, or the date of redemption, or early redemption or as may be prescribed by the BSE, and in connection with Series IV NCDs, 7 (seven) Working Days prior to the date of redemption or early redemption of the Series IV NCDs, or as may be prescribed by the BSE.
Deemed date of Allotment	The Deemed Date of Allotment for the NCDs shall be the date of issue of the Allotment Advice / Regret or such date as may be determined by the Board of our Company and/or a duly authorized committee thereof and notified to the Stock Exchange.

Scheme Details:

Series	I	II	III	IV
Tenor	7 years from Deemed Date of Allotment
Frequency of Interest Payment	Monthly	Quarterly	Annually	Cumulative
Category of investor who can apply	Individual Category		Individual, Institutional, Non Institutional Category
Minimum Application	Rs. 1,00,000/- (100 NCDs)		Rs. 10,000/- (10 NCDs)
In Multiples of	1000/- (1 NCD)
Coupon (%) for Institutional & Non Institutional Investor(s)	N.A.		10.25 % p.a.	N.A.
Coupon (%)for Individual Category	9.84 % p.a.	9.92 % p.a.	10.30 % p.a.	N.A.
Effective Yield (per annum)	10.30% for Individual		10.30 % for Individual 10.25 % for all others	10.41 % for the Individual 10.25 % for all others
Put option	Exercisable only by Individual Category investors at the end of 60 months from the Deemed Date of Allotment
Redemption Amount (Rs./NCD)**				Individual	Institutional & Non Institutional
	Repayment of the Face Value plus any interest that may have accrued at the Redemption Date, or at the date of early redemption if any Put Option is exercised by the Individual Category Investor as the case may be#			Rs .2000/- on Maturity.	Rs. 1980/- on Maturity.
	Repayment of the Face Value plus any interest that may have accrued at the Redemption Date for Institutional and Non-Institutional Investors			Rs1633/- on exercising the Put option.	Put option not available

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Tags: 2012, NCD, SREI

Category: Blog, Fixed Deposit