Shriram City Union Finance Ltd NCD Issue - Opens on 11 August 2011

COMPANY PROFILE:

  • Shriram City Union Finance Ltd (SCUFL) was established in 1986. It is part of the Shriram group that has a strong presence in the country's financial services sector.
  • SCUFL predominantly operates in the retail finance space, with a focus on small business loans, gold loans, two-wheeler financing and consumer durable loans.
  • The company is registered as a deposit-taking NBFC with the Reserve Bank of India since September 4, 2000 under Section 45IA of the Reserve Bank of India Act, 1934.
  • Over the last 25 years, SCUFL has established a pan-India presence with 559 branches and 91 other business outlets as of March 31, 2011, across 17 states in India.
ISSUE SALIENT FEATURES :
  • Issue Period: August 11 to August 27, 2011
  • Issue Size: Rs750 crore
  • NCDs are allotted on First-come-first-serve basis
  • Interest rate range from 11.50% to 12.10% depending on the series applied for (Option I & Option II)
  • Higher interest rates for individuals applying up to Rs. 500,000
  • Credit Ratings of 'AA' by CARE and 'AA-/Stable' by CRISIL
  • NCDs are allotted on demat mode only
  • NCDs have two series of options: 60 months (Put/Call exercisable after 48 months) and 36 months
ISSUE INVESTMENT OPTIONS

Options | ||
Minimum Application Rs 10,000 (10 NCDs) (for all options of NCDs, namely Options I and Option II either taken individually or collectively)
Face Value/Issue Price Rs. 1,000
In Multiples Of Rs. 1,000 (1 NCD)
Frequency of Interest Annual (on April1 every year)
Coupon (%) for NCD Holders in Category I and Category II 11.60% per annum 11.50% per annum
Coupon (%) for NCD Holders in Reserved Individual Portion 12.10% per annum 11.85% per annum
Coupon (%) for NCD Holders in Unreserved Individual Portion 11.85% per annum 11.60% per annum
Put/Call Option Exercisable at the end of 48 months Nil
Tenor/Redemption Date 60 Months* 36 Months
* Subject to the exercise of the put and/or call option



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