NCD Issue SREI Infrastructure Finance Ltd
NCD Issue SREI Infrastructure Finance Limited is coming out with a public issue of Secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each for an amount aggregating upto Rs. 1000 Crores (“Shelf Litmit”). The issue is opens for subscription 7 Sep 2016 and closes on 28 Sep 2016 with an option of early closer or extend
Allotment is on First Come First Serve Basis.[wptabs style=”wpui-blue” mode=”horizontal”] [wptabtitle] Product Note[/wptabtitle] [wptabcontent]
NCD Issue SREI Infrastructure Finance Ltd – Highlights
|Issuer||SREI Infrastructure Finance Ltd|
|Type of Instrument||Secured Redeemable, NCD|
|Issue Open||7 Sep 2016|
|Issue Close||28 Sep 2016 (with option of early closure or extension)|
|Issue Size||250 Cr. with an option to retain oversubscription upto Shelf Limit - 1,000 Cr.|
|Face Value||Rs. 1,000|
|Min. Application Size||10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)|
|Mode of Allotment||D'mat as well as Physical Form|
|Rating||BWR - AA+|
|Listing||BSE / NSE|
|Application Money Interest (refunded)|
|Allotment Money Interest||As per Effective Yield|
|Security and Asset Cover|
|Cheque in favor of|
NCD Issue SREI NCD Specific Term of Issue
|Tenor||400 Days||3 Year||3 Year||3 Year||5 Year||5 Year||5 Year|
|Base Coupon - Cat I, II, III||NA||9.35%||9.75%||NA||9.60%||10%||NA|
NCD Issue Srei Infrastructure Cheque Details :
Cheque / DD should be drawn in favour of ” SIFL NCD VIII -Escrow Account “ by all applicant
[/wptabcontent] [wptabtitle] About Issue[/wptabtitle] [wptabcontent]
- An Indian NBFCs in India with over 25 years experience in infrastructure sector
- Diversified business across all sectors in infrastructure space
- SREI is classified as “Infrastructure Finance Company Status (IFC)” by Reserve Bank of India (RBI) within the overall classification of Non-Banking Finance company
- SREI manage Assets Under Management of Rs 36,700 Crore, with a net worth of over Rs. 3,539 Crore as on March 31, 2016 on Consolidated basis.
- 99 offices pan India
- SEFL, which was earlier a 50:50 joint venture between Srei Infrastructure Finance Limited and BNP Paribas Lease Group, is registered with the RBI as a Non-Deposit Taking NBFC (Category – Asset Finance) and is in the business of equipment financing.
- The project finance segment of the Company provides customized financing to infrastructure projects and their sponsor companies
- The Infrastructure Project Development (IPD) vertical at Srei Infra sponsors PPP ventures and / or business in road sector in our country. These projects are a diversified mix of annuity and toll-based projects and have been awarded by the National Highway Authority of India (NHAI) under National Highways Development Program (NHDP), Ministry of Road Transport & Highways and various state governments.
Business Strategies :
- Company has several strategic investments in infrastructure and financial services space. These are all long term investments held for long term returns
- The philosophy is to invest at an early stage, nurture & grow these businesses. Once these investments reach a critical size/stage Srei looks to bring in strategic or financial partners with similar long term view.
- Of the funding sources, secured loans remain the most significant source of funding across all three of our core finance business groups. Our Secured loans as a percentage of the total sources of funds of our Company as at March 31, 2016, 2015, 2014, 2013 and 2012 stood at 73.46%, 75.05%, 74.44%,70.06% and 66.15%, respectively.
Listing Date NCD Issue SREI Infrastructure
Registrar of Issue : Karvy Computershare Allotment Link
PUNEINVEST – advisor, broker, distributor agent[/wptabcontent] [/wptabs]