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.