Saving-Ideas.com

Icon

Personal Finance Blog India –

SREI NCD Issue Aug2013 @11.75% To Be Opened On Aug26,2013


SREI which is engaged in infrastructure finance have come up with the issue of  Secured, Non-convertible debentures at the max interest rate of 11.75% for individual category investors.

srei ncd 26aug2013

SREI will raise capital of 100 crores with option to retain over subscription of the same amount.

Imp dates of SREI NCD ISSUE AUG2013:

  1. Issue open date: Aug26 ,2013
  2. Issue Close date: Sept17,2013.

Credit rating:

SREI  credit rating is CARE AA- and Brickwork AA which indicates good quality of issue.

Interest Rates and other details:

Series I II III IV V
Interest Payment Frequency Annual Cumulative Monthly Annual Cumulative
Face Value Rs. 1000/- 1000/- 1000/- 1000/- 1000/-
Tenure 3 Yrs 3 Yrs 5 Yrs 5Yrs 6 Yrs + 3Months
Per Annum Interest rates for individual investors 11.50% 11.50% 11.75% 11.75% 11.72%

Investors will get amount doubled in option V which is for 75 months.Investors can apply for demat as well physical mode except monthly interest option which will be offered in demat form only.

NCD allotment will be on first come first served basis & 60% of NCDs shall be allotted to individual investors.

Karvy Computershare pvt ltd  is registrar of issue and Axis trustees services limited are the debenture trustees of this issue.


Category: Fixed Income

Tagged:

Leave a Reply

Advertisement:

Categories

Categories

Blog Archives

See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

Blog Author

Blog Author

Who's Online

22 visitors online now
2 guests, 20 bots

Disclaimer

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.
22 visitors online now
2 guests, 20 bots, 0 members
Max visitors today: 25 at 01:36 am UTC
This month: 34 at 12-03-2017 06:21 pm UTC
This year: 56 at 02-27-2017 10:53 am UTC
All time: 363 at 09-23-2016 05:45 am UTC
Thank You For Visiting This Blog!!!