Issuer |
India Infoline Finance Limited ( View Report ) |
Type of instrument/ Nature/ Name of the security/ Seniority |
Secured NCDs, Unsecured NCDs (The Unsecured NCDs are in the nature of Subordinated Debt and will be eligible for Tier II Capital) |
Issue Size |
Public issue of secured, redeemable non-convertible debentures of face value of Rs 1,000 each and/ or Unsecured, Redeemable Non-Convertible Debentures of face value of Rs 1,000 for an amount of Rs 250 Crore (“Base Issue Size”) with an option to retain oversubscription up to Rs 1,750 Crore (totaling Rs.2,000 Crore) within the Shelf limit of Rs.5,000 Crore. |
Issue opening date |
Tuesday , 22nd January 2019 |
Issue closing date** |
Wednesday , 20th February 2019 |
Allotment |
First Come First Serve Basis, Compulsory in demat form |
Face value |
Rs 1,000 per NCD |
Issue Price |
Rs 1,000 per NCD |
Minimum Application size and in multiples of NCD thereafter |
Rs 10,000 (10 NCDs) collectively across all Series and in multiple of Rs 1,000 (1 NCD) thereafter across all Series |
Listing |
NCDs are proposed to be listed on BSE and NSE |
Rating |
‘BWR AA+/Stable by Brickworks Ratings India Private Ltd, CRISIL AA/Stable by CRISIL Ratings Ltd and ‘[ICRA] AA (Stable)’ by ICRA Ltd |
Security and Asset Cover |
The principal amount of the Secured NCDs to be issued in terms of the Draft Shelf Prospectus, this Shelf Prospectus and/or the relevant Tranche Prospectus(es) together with all interest due and payable on the Secured NCDs, thereof shall be secured by way of first pari passu charge in favour of the Debenture Trustee on an identified immovable property and first pari passu charge on receivables of the Company, both present and future, book debts, loans and advances and current assets of the Company, created in favour of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed, except those receivables present and/or future specifically and exclusively charged in favour of certain existing charge holders, such that a security cover of 100% of the outstanding principal amounts of the Secured NCDs and interest thereon is maintained at all time until the Maturity Date. |