SREI Infra NCD 2019 – Coupon Rate, Issue Dates, Issue Prospectus
SREI Infrastructure Finance Limited, a Kolkata Based financial services company engaged in financing customers engaged in infrastructure development and construction, issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 5,000 million through the tranche-1 issue. SREI Infra NCD 2019 opens for investment on 9th April 2019 and closes on 9th May 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate (rate of interest) of up to 10.76% on investment.
About SREI Infrastructure Finance Limited
SREI Infrastructure Finance Limited was incorporated in Kolkata in the year 1985. It entered the segment of infrastructure financing in 1989 in a limited capacity as a construction equipment financier. Currently, as an Infrastructure Finance Company, it is engaged in providing financial products and services for our customers engaged in infrastructure development and construction, with particular focus on energy, road, railways, telecom, port, water and sanitation, oil and gas, special economic zone, urban public transport and logistics sectors in India with a medium to long term perspective.
SREI Infra NCD 2019 – Issue Details
|Issue Type||Secured Unsecured Non-Convertible Debentures|
|Issuer Company||SREI Infrastructure Finance Limited|
|Issue Opens||9th April 2019|
|Issue Closes||9th May 2019|
|Coupon Rate (ROI)||Up to 10.76%|
|Face Value||Rs 1,000|
|Issue Price||Rs 1,000|
|Minimum Order Quantity||10 NCD (Rs 10,000)|
|Issue Size||Up to Rs 5,000 Million|
|Listing Date||Within 6 Working Days of Issue Closing Date|
SREI Infra NCD 2019 – Objects of the Issue
The following are the objectives of this upcoming NCD Issue by SREI Infrastructure Finance Limited:-
- For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
existing borrowings of our company. A minimum of 75% of the net proceeds will be utilized here.
- General corporate purposes. Up to 25% of the net proceeds will be utilized here.
Rating of the SREI Infra NCD
The NCD Issue of SREI Infrastructure Finance Limited is rated as BWR AA+ by Brickwork Ratings India Private Limited.
SREI Infrastructure Finance Limited – Company Contacts Details
Registered Office: ‘Vishwakarma’, 86C, Topsia Road (South), Kolkata – 700046.
Corporate Office: 6A Kiran Shankar Roy Road, Kolkata – 700001.
SREI Infra NCD 2019 – Lead Manager to the Issue
The following are the lead managers to this SREI Infrastructure Finance Limited NCD Issue:-
- Karvy Investor Services Limited
- SMC Capitals Limited
SREI Infra NCD 2019 – Registrar to the Issue
SREI Infra NCD 2019 – Debenture Trustee
The Trustee to the debenture of this SREI Infrastructure Finance Limited is Catalyst Trusteeship Limited.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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