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 will raise capital of 100 crores with option to retain over subscription of the same amount.
Imp dates of SREI NCD ISSUE AUG2013:
- Issue open date: Aug26 ,2013
- 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.
