10.26% SREI Equipment Finance NCD April 2015:

SREI Equipment finance – issue of Secured non-convertible debentures – NCDs will open on April 09,2015.This issue offers different options like – Monthly interest,Annual interest and Cumulative.SREI Infracture is looking to raise Rs.500 crore through this issue.

More details of SREI Equipment finance NCD issue are as follows:

Imp Dates:

1. Issue Open Date: April 09, 2015
2. Issue Close Date: April 30, 2015.

About SREI Equipment Finance:

SREI infrastructure finance is Joint venture company between SREI Infrastructure finance – India’s only infrastructure finance NBFC and BNP Paribas – the largest leasing group of Europe having presence in 15 countries.

SREI Equipment finance is engaged in business services like – Equipment & Logistic Solutions,Technology Solutions, Healthcare Equipments,Agricultural Equipment Financing.

• Credit Rating: CARE AA and BWR AA indicates stable issue.
• Minimum application amount : Rs.10,000/-
• NCD listing : At NSE and BSE.NCD holder can sell NCD through secondary market at market yield.

Monthly Interest Payment Option:

As name indicates,interest will paid monthly.

Annual Interest Option:

Interest will paid annually on allotment date each year.

Cumulative Interest Option:

Principle and interest payable at maturity on cumulative basis.

Currently we are in trending down interest rate scenario.Most of the banks have already lowered their interest rates up to 8.50%.We can see good demand in debt market for issues offering fixed interest rates which may be in the range of 10-11%.Credit rating of this issue can be considered as good and invest some part in this issue.