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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