HSL Mobile App SREI Infrastructure Finance Ltd - NCD
| Issuer | SREI Infrastructure Finance Ltd |
| Issue Size | Rs 2000 Crore |
| Issue | Public Issue of Secured & Unsecured , Subordinated, Redeemable Non-Convertible Debentures of the Company of face value of Rs 1,000/- Each , for an amount upto Rs 200 Crs ( Base Issue Size) with an option to retain over-subscription upto Shelf limit of Rs 2000 Crs ( Over All Issue Size- Tranche 1 Issue) |
| Rating | BWR AA+ (BWR Double A Plus) (Outlook: Stable)’ by BRICKWORK |
| Issue opens |
Friday , 9th Feb 2018 |
| Issue closes | Wednesday , 7th March 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 | The NCDs are proposed to be listed on BSE and NSE, within 12 Working Days from the Issue Closing Date. |
SPECIFIC TERMS FOR EACH SERIES OF NCDs
| Series | I | II | III | IV | V | VI | VII | VIII | IX | X | XI |
| Frequency of interest Payment | N.A. | Annual | Monthly | Annual | N.A. | Monthly | Annual | N.A. | Monthly | Annual | N.A. |
| Minimum Application | Rs. 10,000/- (10 NCD) across all series collectively | ||||||||||
| Nature of Instruments | Secured | Secured | Secured | Unsecured Subordinated | |||||||
| Tenor from Deemed Date of Allotment | 400 days | 3 years | 5 years | 10 years | |||||||
| Coupon (% per annum) for Category I, Category II, Category III & Category IV investor(s) | N.A. | 8.50% | 8.43% | 8.75% | N.A. | 8.65% | 9.00% | N.A. | 9.11% | 9.50% | N.A. |
| Effective yeild (per annum) for Category I, Category II, Category III & Category IV investor(s) | 8.54% | 8.51% | 8.75% | 8.77% | 8.77% | 8.99% | 9.01% | 9.01% | 9.50% | 9.49% | 9.50% |
| Mode of Interest payment | Through various mode available | ||||||||||
| Amount (Rs./ NCD) on maturity for Category I, Category II, Category III & Category IV investor(s) | Rs.1094/- | Rs.1000/- | Rs.1000/- | Rs.1000/- | Rs.1287/- | Rs.1000/- | Rs.1000/- | Rs.1540/- | Rs.1000/- | Rs.1000/- | Rs.2480/- |
| Maturity Date (from Deemed Date of Allotment) | 400 days | 3 years | 5 years | 10 years | |||||||
*The Company shall allocate and allot Series I NCDs wherein the Applicants have not indicated their choice of the relevant NCD Series
COMPANY PROFILE
· Srei Infra is a holistic infrastructure institution.
· Srei is a RBI registered non-deposit taking NBFC.
· Classified as an “Infrastructure Finance Company” in the year 2011 by RBI.
· Notified as “Public Finance Institution” status by the MCA, under section 4A of Companies Act, 1956 (now Section 2(72) of the Companies Act, 2013).
- A listed entity on “BSE” and “NSE” and CSE.
Key Strengths:
• Over 27 years of experience in the infrastructure financing sector in India.
• Diversified product portfolio and presence across the infrastructure space to boost the growth path.
• With a large customer base and Rs 374,129 million of Consolidated Asset Under Management as on March 31, 2017
• Experienced Management team to steer ahead the Company in its growth path.
• Consolidated group Net worth is Rs 48,154 million and Profit After Tax is Rs 2,433 million for the year ended March 31, 2017.
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