HSL Mobile App Dewan Housing Finance Corporation Ltd NCD
Dewan Housing Finance Corporation Limited (DHFL) is a deposit-taking housing finance company registered with the NHB and focused on providing financing products for the Low and Middle income (LMI) segment in India primarily in Tier II and Tier III cities and towns. DHFL have been active in the housing finance sector in India since 1984. DHFL provides secured finance primarily to individuals, partnership firms and companies for the purchase, self-construction, improvement and extension of homes, new and resalable flats, commercial properties and land. It also provides certain categories of non-housing loans including loans for commercial property, medical equipment, and for plant and machinery.
Issue Details
| Issuer | Dewan Housing Finance Corporation Ltd ( View Report ) |
| Issue |
Public Issue of Secured , Redeemable Non-Convertible Debentures of the Company of face value of Rs 1,000/- Each , for an amount of Rs 3,000 Crs ( Base Issue Size) with an option to retain over-subscription upto RS 9,000 Crs , aggregating upto Rs 12,000 Crs ( Tranche I Issue) |
| Rating | 'CARE AAA (Outlook: Stable)’ by CARE Ratings Ltd and 'BWA AAA (Outlook : Stable)' by Brickwork |
| Issue opens |
Tuesday , 22nd May 2018 |
| Issue closes | Monday , 4th June 2018 |
| Issue Price | Rs. 1,000 per NCD |
| Minimum Application | Rs 10,000/- (10 NCDs) across all Series and in multiples of 1 (one) NCD of Rs 1,000/- each thereafter |
| Coupon Type | Fixed Coupon Rates |
| Listing | NCDs are proposed to be listed on BSE & NSE. |
SPECIFIC TERMS FOR EACH SERIES OF NCDs
| T&C in connection with Secured NCDs***Options | I | II | III | IV | V | VI | VII* |
| Interest type | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Floating |
| Interest reset process | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | Annual |
| Frequency of Interest Payment | Annual | Annual | Annual | Annual | Monthly | Monthly | Annual |
| Minimum Application | Rs 10,000/- (10 NCDs) across all Series and in multiples of 1 (one) NCD thereafter | ||||||
| Issue Price (Rs/ NCD) | Rs 1,000 | ||||||
| Face Value / Issue Price (Rs / NCD) | Rs 1,000 | ||||||
| Tenor from Deemed Date of Allotment | 3 Years | 5 Years |
7 Years |
10 Years |
3 Years |
5 Years |
3 Years |
| Coupon (% per annum) for Category I & Category II | 8.90% | 8.90% | 8.90% | 8.90% | 8.56% | 8.56% | Benchmark MIBOR + spread of 2.16%* |
|
Effective Yield (per annum) for Category III |
8.90% | 9.00% | 9.00% | 9.00% | 8.56% | 8.65% | Benchmark MIBOR + spread of 2.16%* |
|
Coupon (%) for NCD holders in Category IV |
8.90% | 9.00% | 9.00% | 9.10% | 8.56% | 8.65% | Benchmark MIBOR + spread of 2.16%* |
|
Effective Yield (per annum) for NCD Holders in Category I & Category II |
8.90% | 8.90% | 8.90% | 8.90% | 8.90% | 8.90% | Benchmark MIBOR + spread of 2.16%* |
|
Effective Yield (per annum) for NCD Holders in Category III |
8.90% | 9.00% | 9.00% | 9.00% | 8.90% | 9.00% | Benchmark MIBOR + spread of 2.16%* |
|
Effective Yield (per annum) for NCD Holders in Category IV |
8.90% | 9.00% | 9.00% | 9.10% | 8.90% | 9.00% | Benchmark MIBOR + spread of 2.16%* |
|
Put and call option |
N.A. | ||||||
|
Redemption Date (Years from the Deemed Date of Allotment) |
3 Years | 5 Years | 7 Years | 10 Years | 3 Years | 5 Years | 3 Years |
|
Redemption Date (Years from the Deemed Date of Allotment) |
Rs 1,000/- | Rs 1,000/- | Rs 1,000/- | Rs 1,000/- | Rs 1,000/- | Rs 1,000/- | Rs 1,000/- |
|
Mode of Interest Payment |
Through various options available | ||||||
* Benchmark MIBOR (defined below) as Reference Overnight MIBOR published by FBIL computed on an annulised basis. Subject to reset annually based on Overnight MIBOR benchmark rates.
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