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SREI Infrastructure Finance NCD Issue @11.24% April 2013


SREI Infrastructure Finance Limited (SIFL) has come up with a issue of secured NCDs of face value Rs.1000/- each with details as below:

Important Dates – SREI NCD Issue:

  1. Issue Open Date: 04/04/2013.
  2. Issue Close Date:25/04/2013.

Details of Series,Interest Rates:

Series I II III IV V VI
Coupon Rate for institutional/non-institutional investors N.A N.A. N.A. 11.00% N.A. N.A.
Interest Payout frequency Quarterly Annual Cumulative Annually Cumulative Cumulative
Tenure 3Yrs 3Yrs 3Yrs 5Yrs 5Yrs 6Yrs + 6 Months
Coupon Rate for individual category 10.35% 10.75% N.A. 11.00% N.A. N.A.
Effective Yield Per annum 10.75% 10.75% 10.76% 11% 11% 11.24%
Maturity Amount Of Rs.1 Lakh 100000 100000 135900 100000 168600 200000

Note: In case of non-cumulative options,maturity amount will be similar to invested amount as interest will be paid out periodically as option chosen by investor.

One can view that investor have wide range of choices.

For a period of three years,investor have quarterly,annual payment option as well cumulative @ 10.75% p.a/Cumulative.

For a period of 05 years,investors have option of annual interest as well cumulative @ 11% p.a./Cumulative.

For a period of 78 months there is cumulative option with interest rate @11.24% where investors money will get doubled.

Institutional / Non-Institutional investors can subscribe only for series IV & V.While general category investors applying up to one million (Rs.10 lakh) can subscribe for any series.

SREI NCD Issue Size:

Saving-Ideas.com - SFIL NCD Issue April 2013

SIFL NCD Issue April 2013

Other details:

  1. Investors can subscribe through demat as well as physical mode.
  2. Credit Rating:CARE AA-/BWR AA – Both indicates less chances of default.
  3. NCDs will listed at BSE.
  4. Min Investment : Rs.10,000/- OR 10 NCDs.

BottomLine:

SREI is fairly old company involved in infrastructure finance & since interest rates offered are good enough & as it is secured issue one can think to subscribe for this issue.

SREI NCD ISSUE AUG2013


Category: Fixed Income

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Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
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