SECURED Debenture Issue From Shriram City Union Finance
Shriram City Union Finance Ltd – SECURED debenture Issue is opening on 12-Sept-12. Soft copy of application form and product note is available with us. Do email me your requirement on the same.
Rating:
AA- from CRISIL & CARE
Indicates a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Issue Term Sheet | ||||
Series | I | II | III | IV |
Frequency of Interest Payment | Annual | Annual | Cumulative | Cumulative |
Tenor | 36Months | 60Months | 36Months | 60Months |
Min Inv Amt | Rs10,000 | |||
Face Value | Rs1,000 | |||
Redemption Amount | ||||
Individual | Face Value plus any interest amt | Rs1,386.20 | Rs1,743.30 | |
Non Individual | Rs1,352.90 | Rs1,666.65 | ||
Coupon Rate | ||||
Individual | 11.50% | 11.75% | 11.50% | 11.75% |
Non Individual | 10.60% | 10.75% | 10.60% | 10.75% |
Key points to remember:
↗ Allotments of the bonds are on first come and first serve basis.
↗ Its SECURED debenture issue.
↗ Strong brand and performance track record
↗ NO TDS on interest
↗ Tradable NCDs to be listed on NSE & BSE.
↗ Annual and cumulative interest option
↗ PAT grown from Rs126cr in FY2008 to Rs524cr in FY2012. Profit grew 4.5times growth in last 4years.
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