Srei Infrastructure Finance’s wholly-owned subsidiary - Srei Equipment Finance (SEFL) is planning to raise up to Rs 1,000 crore by floating bonds. The issue will be open for subscription from July 17 and close on July 31 with an option to close early.
The company will issue unsecured, redeemable non-convertible debentures (NCDs) of face value of Rs 1,000 each amounting to Rs 500 crore with a green shoe option to retain over-subscription. Rated at AA plus by Brickwork, the instruments carry high degree of safety with regard to timely servicing of financial obligations.
Edelweiss Financial Services, Trust Financial Consultancy Services, AK Capital Services, SPA Capital Advisors and Srei Capital Markets are lead managers to the issue.
