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Srei Infrastructure to raise Rs 1500 crore via NCD

29 Sep 2014 Evaluate

Srei Infrastructure Finance is planning to raise upto Rs 1500 crore in one or more tranches through Public issue of secured, redeemable, non-convertible Debentures (NCD). The NCDs offer an annualized effective yield of up to 11.75 % p.a. with a credit rating of ‘AA-’ by CARE and ‘AA’ by Brickwork. Instruments with such ratings are considered to have high degree of safety regarding timely servicing of financial obligations.

The net proceeds raised through this Tranche 1 issue will be used for following activities in the ratio provided as follows, (I) For the purpose of lending/repayment of loan-minimum 75% of the Net Proceeds of the Issue. (II) For General Corporate Purposes - up to 25% of the Net Proceeds of the Issue. The unutilized amount if any will be used for purpose of lending/repayment of loan.

ICICI Securities, A.K. Capital Services, Edelweiss Financial 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. Further, Axis Trustee Services has pursuant to regulation 4(4) of SEBI Debt Regulations, given its consent for its appointment as 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.

SREI Infra Fin Share Price

2.07 0.00 (0.00%)
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