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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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