NCDs of Srei Infrastructure Finance Ltd 2017
The salient features of NCDs of Srei Infrastructure Finance Ltd are as follows:
Public issue of “Secured Redeemable Non-Convertible Debentures” NCDs of Srei Infrastructure Finance Ltd, which is opening on January 30, 2017 and will close on February 23, 2017.
NCDs have Tenure of 400 Days, 3 Years and 5 Years.
Annualized return up to 9.50% p.a.
Existing Bond holders, Shareholders and Senior Citizen will get additional 0.25% p.a.(except for 400 days)
Credit Rating of “BWR AA+” by Brickwork.
Option to hold NCDs in physical as well as in Demat form.
Interest option: Monthly, Annual and Cumulative.
This NCDs will be listed on BSE and NSE.
NCDs can be traded in NSE & BSE from first day of listing.
NCDs will be allotted on first cum first serve basis.
Minimum Application amount of Rs. 10,000 (10 NCDs).
SPECIFIC TERMS AND CONDITIONS IN CONNECTION WITH EACH SERIES OF NCDs:
| Series | I** | II | III# | IV*** | V** | VI# | VII | VIII** |
| Frequency of Interest Payment | N.A. | Annual | Monthly | Annual | N.A. | Monthly | Annual | N.A. |
| Minimum Application | ` 10,000/- (10 NCDs) across all Series | |||||||
| Face Value/Issue Price of NCDs (` / NCD) | ` 1,000/- | |||||||
| In Multiples of (`) | ` 1,000/- (1 NCD) | |||||||
| Tenor from Deemed Date of Allotment | 400 days | 3 years | 5 years | |||||
| Coupon (% per annum) for Category I, Category II & Category III Investor(s) | N.A. | 8.50% | 8.88% | 9.25% | N.A. | 9.12% | 9.50% | N.A. |
| Effective Yield (per annum) for Category I, Category II & Category III Investor(s) | 8.54% | 8.52% | 9.25% | 9.27% | 9.25% | 9.50% | 9.51% | 9.50% |
| Mode of Interest Payment | Through various mode available. | |||||||
| Amount (`/NCD) on Maturity for Category I, Category II & Category III Investor(s) ** | ` 1094/- | ` 1,000/- | ` 1,000/- | ` 1,000/- | ` 1,304/- | ` 1,000/- | ` 1,000/- | ` 1,575/- |
| Maturity Date (from Deemed Date of Allotment) | 400 days | 400 days | 3 years | 3 years | 3 years | 5 years | 5 years | 5 years |
Category III Investors subscribing to Series I NCDs and Series II NCDs shall not be eligible for any additional incentive, regardless of their qualifications as mentioned hereinabove.
On any relevant Record Date the Registrar and/or our Company shall determine the list of the Primary holder(s) of this Tranche 2 Issue and identify such Investor/ NCD Holders, (based on their DP identification and /or PAN and/or entries in the Register of NCD Holders), and make applicable coupon/interest payments.
The additional coupon will be given only on the NCDs allotted in this Tranche 2 Issue i.e. to the Primary holder(s) falling under Category III. In case if any NCD is bought/acquired from secondary market or from open market, additional coupon will not be paid on such bought/acquired NCD.
Disclaimer: please read details of issue before investing. This website dont take any responsibility for any investment. Information is only for knowledge purpose and don’t solicit any investment.
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