Thursday, June 23, 2011

Shriram Transport Finance NCD Bonds Issue 2011 Dates & Interest Rate Information

Public Issue by Shriram Transport Finance Company Limited of Secured Non-Convertible Debentures (NCD) of face value of Rs. 1,000 each, ("NCDs"), aggregating upto Rs. 50,000 lacs with an option to retain over-subscription upto Rs.50,000 lacs for issuance of additional NCDs aggregating to a total of upto Rs. 1,00,000 lacs, hereinafter referred to as the "Issue".



Shriram Transport Finance NCD Bonds Issue Options:


NCD Bonds Issue Options
Option 1
Option 2
Tenor (Months)
60
36
Interest Payment
Annual
Annual
Face Value
1000
1000
Coupon Rate %


QIB / NII
11.10%
11.00%
Individual applying above 5Lacs
11.35%
11.10%
Individual applying upto 5Lacs
11.60%
11.35%


Shriram Transport Finance NCD Bonds Issue Details:

Issue Opens On: 27 June 2011
Issue Closes On: 9 July 2011
Face Value of NCD : Rs.1000/NCD.
Retailers Minimum Application: 10 NCDS (Rs. 10,000/-)
Retailers Maximum Application: 500 NCDS (Rs. 5,00,000/-)
Yield on redemption: 10.75% to  11.50% Per annum
Issue Size: Aggregating upto Rs. 500 crs with an option to retain oversubscription upto Rs 500 crs
Allotment: Allocation on First cum First Serve Basis
Security: Secured Bonds
Registrar to the Issue: INTEGRATED ENTERPRISES (INDIA) LTD

CREDIT RATING:
- 'AA/Stable' by CRISIL - indicates high degree of safety with regard to timely payment of interest and principal on the NCDs.
- 'CARE AA+' by CARE - indicates high safety for timely servicing of debt obligations

0 comments:

Advertisements