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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