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.

 


0 comments:

Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • www.investchips.com never collects any personal information of visitors.