| Issuer |
SREI Equipment Finance Ltd |
| Issue Size |
Rs 3000 million |
| Issue |
Public Issue by the Company of Secured redeemable non-convertible debentures of face value of Rs. 1,000/- (“Secured NCDs) and Unsecured Subordinated Redeemable Non-Convertible Debentues of face value of Rs.1,000/- each (“Unsecured NCDs”), for an amount up to Rs.1,500 million (“Base Issue Size”) with an option to retain over subscription for an amount upto Rs.1,500 million, aggregating to Rs.3,000 million (“Overall Issue Size”).The Secured NCDs and Unsecured NCDs are together referred to as “Debentures / NCDs”. The Unsecured NCDs will be in the nature of Suboridated debt and will be eligible for inclusion as Tier II capital on the terms and in the manner set out in this Prospectus to be filled with RoC. The Secured NCDs and Unsecured NCDs will be issued and allotted upto the Overall Issue Size either individually or collectively.
|
| Rating |
"BWR AA+" (BWR Double A Plus) (Outlook: Stable) and “ACUITE AA+/Stable' (ACUITE Double A Plus/Stable)" |
| Issue opens |
Wednesday , 19th December 2018
|
| Issue closes |
Friday, 18th January 2019 |
| Issue Price |
Rs. 1,000 per NCD |
| Minimum Application |
₹10,000 (10 NCDs) and in multiple of ₹1,000 (1 NCD) thereafter |
| Coupon Type |
Fixed Coupon Rates |
| Listing |
The NCDs are proposed to be listed on BSE |
SPECIFIC TERMS FOR EACH SERIES OF NCDs
| Series |
I |
II |
III |
IV |
V |
VI |
VII |
VIII |
IX |
| Frequency of interest Payment |
N.A. |
Annual |
Monthly |
Annual |
N.A. |
Monthly |
Annual |
N.A. |
Monthly |
| 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. |
9.75% |
9.81% |
10.25% |
N.A. |
10.05% |
10.50% |
N.A. |
10.75% |
| Effective yeild (per annum) for Category I, Category II, Category III & Category IV investor(s) |
9.81% |
9.85% |
10.25% |
10.29% |
10.25% |
10.52% |
10.53% |
10.50% |
10.76% |
| 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.1108/- |
Rs.1000/- |
Rs.1000/- |
Rs.1000/- |
Rs.1341/- |
Rs.1000/- |
Rs.1000/- |
Rs.1648/- |
Rs.1000/- |
| Maturity Date (from Deemed Date of Allotment) |
400 days |
3 years |
5 years |
10 years |
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