Shriram Transport Finance Co. NCD @ 11.60 % p.a.
Shriram Transport Finance Co – NCD Issue | ||||||
If High returns from a top rated debt instruments is what you are looking for… NCDs from Shriram Transport finance is what you should surely look into….. | ||||||
The Company is a part of Shriram Group of Companies and was incorporated on June 30; 1979.It is one of the largest asset financing NBFC’s in India | ||||||
Terms of Issue | ||||||
Issue opens : 27th June 2011 Issue closes: 09th July 2011* | ||||||
Options | I | II | ||||
Issue Size | Rs.500 crores and Rs.500 crores greenshoe option | |||||
Interest Payment | Annual | Annual | ||||
Minimum Application | Rs.10,000/- | Rs.10,000/- | ||||
In Multiples of | Rs.1,000/- | Rs.1,000/- | ||||
Face Value (FV) of NCDs (Rs./NCD) | Rs.1,000/- | Rs.1,000/- | ||||
Credit Rating | ‘AA/Stable’ by CRISIL and ‘AA+’ by CARE | |||||
Listing | NSE | |||||
Who can Apply | Resident Individual or HUF | |||||
Category of Investors | QIB/NII | Individual Investor & HUF | QIB/NII | Individual Investor & HUF | ||
>5 Lakhs | =< 5 lakhs | > 5 Lakhs | =< 5 lakhs | |||
Coupon (%) p.a. | 11.10% | 11.35% | 11.60% | 11.00% | 11.10% | 11.35% |
Put and Call option | Exercisable at the end of 48 months from the Deemed Date of Allotment. | N/A | ||||
Tenor | 60 Months | 36 Months | ||||
Redemption Amount | Repayment of the Face Value + any interest that may have accrued at the Redemption Date or at the date of early redemption if any Put Option or Call Option is exercised. | Repayment of the Face Value + any interest that may have accrued. | ||||
Nature of Indebtedness | Pari Passu with other secured Creditors and priority over unsecured creditors | Pari Passu with other Secured creditors and priority over unsecured creditors | ||||
*The Company has the option of closing the Issue on an earlier date, once it receives the amount it has targeted. | ||||||
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