SREI Infrastructure Finance Ltd NCD (SREI Infra Finance NCD May 2014) Detail

May 9, 2014 - Jun 9, 2014

SREI Infrastructure Finance providing financial products and services for their customers engaged in infrastructure development and construction, with particular focus on power, road, telecom, port, oil and gas & special economic zone sectors in India with a medium to long term perspective.

They are also increasing their presence overseas and currently operate two offices in Russia and one in Germany involved in leasing of construction equipment in that market.

Offerings

The company is offering Secured Redeemable Non Convertible Debenture of Rs. 1000 each bearing a coupon rate ranging from 10.70% to 12% and having tenure of 3 and 5 years with Monthly, Annually and Cumulative options.

SREI Infra Finance NCD May 2014 Detail

Issue OpenMay 9, 2014 - Jun 9, 2014
Security NameSREI Infrastructure Finance Ltd
Security Type
Issue Size (Base)Rs 75.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Objects of the Issue:

According to the declaration by the company in offer documents, the funds raised through this Issue, after meeting the expenditures of and related to the Issue, will be used for our various financing activities, to repay existing loans and business operations including capital expenditure and working capital requirements, subject to applicable statutory and/or regulatory requirements. The main objects clause of the Memorandum of Association permits the Company to undertake its existing activities as well as the activities for which the funds are being raised through this Issue. Further, in accordance with the Debt Regulations, Company will not utilize the proceeds of the Issue for providing loans to or acquisition of shares of any person or company who is a part of the same group and who is under the same management or any subsidiary of the Company. The Issue proceeds shall not be utilized towards full or part consideration for the purchase or any other acquisition, inter alia by way of a lease, of any property. Further, the Company undertakes that Issue proceeds from NCDs allotted to banks shall not be used for any purpose which may be in contravention of the RBI guidelines on bank financing to NBFCs including those relating to classification as capital market exposure or any other sectors that are prohibited under the RBI regulations.

Ratings

This issue is rated CARE/AA- (Double A Minus) by CARE and BWR/AA (Double A) by BRICKWORK, indicating high degree of safety regarding timely servicing of financial obligations.

SREI Infra Finance NCD May 2014 Prospectus

SREI Infra Finance NCD May 2014 Rating

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Company Contact Information

SREI Infrastructure Finance Ltd
‘Vishwakarma’,
86C, Topsia Road (South),
Kolkata 700 046

Phone: +91 33 6160 7734
Email: sreincd1@srei.com
Website: http://www.srei.com

SREI Infra Finance NCD May 2014 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: srei.ncd2@karvy.com
Website: https://karisma.kfintech.com/

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1 Comments

bcskal
1. bcskal  May 14, 2014 06:59
Dear All,
Kindly inform us about the SREI Infra. Finance NCD issue from 09/05/14 to 09/06/14. How good it is? Thanks.








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