Srei Equipment Finance (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), is proposing a public issue of secured redeemable non-convertible debentures (NCDs) of face value Rs 1,000 each amounting up to Rs 500 crore. The issue will open on January 3 and closes on January 20, 2017. The NCDs will offer an annualized coupon of up to 9.75% p.a. The object of the proposed issue is to raise funds for various financing activities, to repay the company's existing loans and business operations, etc.
The NCDs have been rated ‘AA+’ (Outlook -Stable) by Brickwork and ‘AA/Stable’ by Smera. Instruments with such ratings are considered to have a high degree of safety regarding timely servicing of financial obligations. The issue is proposed to be listed with the BSE and the NSE.
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.
| Company Name | CMP |
|---|---|
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| Shriram Finance | 955.05 |
| Aditya Birla Capital | 357.95 |
| Chola Invest & Fin. | 1566.90 |
| Tata Capital | 325.95 |
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