28 December 2016

SREI Equipment Finance Limited NCD ( Issue Opens 3rd January 2017)

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Issuer
SREI Equipment Finance Limited
Issue Size
Public Issue of Secured, Redeemable Non-Convertible Debentures of the Company of NCDs aggregating up to Rs. 2,500 million with an option to retain over-subscription up to Rs.2,500 million aggregating to a total of up to Rs. 5,000 million.


Issue opens
Tuesday, January 03, 2017
Issue closes
Friday, January 20, 2017 
Allotment
First Come First Serve Basis
Face Value
Rs. 1000 per NCD
Issue Price
Rs. 1000 per NCD
Nature of Instrument
Secured, Redeemable, Non-convertible Debentures
Minimum Application
₹ 10,000 (10 NCDs) and in multiple of ₹ 1,000 (1 NCD) thereafter across all Series
Listing
BSE & NSE
Rating
‘BWR AA+ (BWR Double A Plus) (Outlook: Stable)’ by BRICKWORK
‘SMERA AA/Stable’ by SMERA


Series
I**
II#
III***
IV**
V#
VI
VII**
Frequency of Interest Payment
NA
Monthly
Annual
NA
Monthly
Annual
NA
Minimum Application
Rs. 10,000/- (10 NCDs) across all Series
Face Value/Issue Price
Rs.1,000/-
In Multiples of (Rs.)
1000 (1NCD)
1000 (1NCD)
1000 (1NCD)
1000 (1NCD)
1000 (1NCD)
1000 (1NCD)
1000 (1NCD)
Tenor from Deemed Date of Allotment
400 days
3 years
5 years
Coupon (% per annum) for NCD Category I & II
N.A.
8.90%
9.25%
N.A.
9.11%
9.50%
N.A.
Coupon (% per annum) for Category III
N.A.
9.12%
9.50%
N.A.
9.35%
9.75%
N.A.
Effective Yield (per annum) Category I and Category II 
8.63%
9.27%
9.29%
9.27%
9.50%
9.52%
9.50%
Effective Yield (per annum) Category   III
8.81%
9.51%
9.54%
9.55%
9.75%
9.77%
9.75%
Mode of Interest Payment
Through various mode available.
Amount (Rs./ NCD) on Maturity for Category I & Category II **
Rs.1,095/-
Rs.1,000/-
Rs.1,000/-
Rs.1,305/-
Rs.1,000/-
Rs.1,000/-
Rs.1,575/-
Amount (Rs./NCD) on Maturity for Category III **
Rs.1,097
Rs.1,000/-
Rs.1,000/-
Rs.1,315/-
Rs.1,000/-
Rs.1,000/-
Rs.1,593/-
Maturity  Date (from Deemed Date of Allotment)
400 days
3 years
3 years
3 years
5 years
5 years
5 years
Put and Call Option
NA
NA
NA
NA
NA
NA
NA

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