Religare Finvest NCD Issue Sept 2012 – Details & Interest Rates

NCD Issue – Religare Finvest Sept 2012 

Public issue of Religare Finvest of Secured,Redeemable NCDs with face value of Rs.1000/-, aggregating upto Rs. 250/- crore with option to retain over subscription of same amount , total aggregating Rs. 500/- crore.

About Religare Finvest – Company is involved following financing activities  –

• Small & medium Enterprise [SME] financing.
• Loans against Property.
• SME working capital loans.
• Loans against marketable securities.
• Home loan business via subsidiary.

Important Dates –

• Issue Open Date – Sept 14, 2012.
• Issue Close Date – Sept 27, 2012.

Interest Rates for investors investing less than 5 lakh –

Series	I	II	III	IV	V
Tenure [M]	36	36	60	60	70
Interest Frequency	Payable annually	Cumulative	Payable annually	Cumulative	Cumulative
Interest rates	12.25%	12.25%	12.50%	12.50%	*
Face Value	1000/-	1000/-	1000/-	1000/-	1000/-
Redemption Amount Rs.	1000/-	1414.36/-	1000/-	1802/-	2000/-

*NCDs will be redeemed at Rs.2000/- agsinst face value of Rs.1000/- for Category IV investors in period of 70 months.

Interest Rates For Investors investing more than 5 lakh –

Series	I	II	III	IV	V
Tenure – Months	36	36	60	60	72
Rate Of  Interest (%)	12.25	12.25	12.25	12.25	**

** NCDs will be redeemed at Rs.2000/- agsinst face value of Rs.1000/- .in period of 72 months

Other Details –

• Issuance – NCDs will be issued in demat mode only.so investor need to have demat account to apply for this issue.
• Min application amount – Rs.10,000/-.
• Credit Rating – CARE AA- & ICRA AA-.Stable rating.
• Put/Call Option – None.

Updates on 09th Oct 2012:

Check Allotment Status Of Religare Finvest NCD Issue:

To Check Allotment status of Religare Finvest NCD issue Click Here .Till online status was not available to check but its expected to be available within 1-2 days.