Religare Finvest Ltd (PP) - NCD Issue
NCD Issue - Religare Finvest Ltd (Private Placement)
Issue Closes on: 18-Nov-11
Particulars | Terms |
Issuer | Religare Finvest Limited (RFL) |
Total Amount | Up to Rs. 100 crores |
Instrument | Unsecured Redeemable Listed Non-Convertible Subordinated Debentures |
Objects of the Issue | To Enhance Subordinated Debt & Capital Adequacy of the Company |
Credit rating | LAA- by ICRA & AA-(ind) by Fitch |
Tenor | 5 Year 6 Months (66 Months) |
Redemption (At par) | At the end of 66 Months from deemed date of allotment |
Coupon rate | 13.00% p.a. |
Interest Payable | Annual & at Maturity |
Form of issuance | Only in Dematerialized form |
Face Value | Each Debenture shall have face value of Rs. 10 Lakhs |
Listing | Proposed on BSE |
Trustees | SEBI Recognized Trustee would be appointed by the Issuer |
Interest on application money | At the respective coupon rates (subject to deduction of tax of source, as applicable) from the date of realization of cheque(s) / demand draft(s) up to one day prior to the Deemed Date of Allotment. |
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