Srei Infrastructure Finance entered the debt capital market on May 9, 2014 with a public issue of Secured, Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each for an amount up to Rs 750 million, with an option to retain over-subscription up to Rs 750 million aggregating to a total of Rs 1,500 million (Issue).
The NCD offers an annualized return up to 12.00% p.a. with a Credit Rating of ‘CARE AA-‘by CARE and ‘BWR AA’ by Brickwork indicating high degree of safety regarding timely servicing of financial obligations.
The funds raised through this Issue will be used for various financing activities, to repay existing loans and our business operations including for our capital expenditure and working capital requirements, subject to applicable statutory and/or regulatory requirements.
ICICI Securities, A.K. Capital Services, SPA Capital Advisors and Srei Capital Markets are Lead Managers to the Issue. Karvy Investor Services, Integrated Enterprises (India), RR Investors Capital Services, SMC Capitals and Bajaj Capital are Co-Lead Managers to the Issue. Axis Trustee Services is the Debenture Trustee to the Issue and Karvy Computershare is Registrar to the Issue.
SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.
