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Personal Finance Blog India –

9.50% SREI Infrastructure Finance NCD January 2017:


After successful debenture issue of its equipment finance arm,SREI infra finance has come up with an issue of secured debentures worth Rs.706.63 Crores.

SREI Infra is BSE & NSE listed company providing financial products and consultancy towards infrastructure development,with particular focus on power,road,telecom,oil & gas,SEZ etc.

Imp dates:

1.Issue open date:January 30, 2017.

2.Issue close date:February 23, 2017.

SREI Infra NCD January 2017

Coupon rates for all types of investors:

# 8.50% p.a.for 400 days.

# 9.25% p.a. for 3 years.

# 9.50% p.a. for 5 years.

Additional benefit 0.25% p.a. additional coupon for Senior citizens,existing NCD holders and share holders.

Interest payment options:

1.Monthly interest

2.Annual interest

3.Cumulative interest at maturity..

But note that for monthly interest option Demat mode is compulsory.

Credit Rating: BWR AA+ which indicates stable issue by Brickwork.

Allotment will be on first cum first served per day basis.

70% of issue size is reserved for individual and HUF investors.

 


Category: Fixed Income

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