Shriram Transport Finance NCD Bonds Issue 2011 Dates & Interest Rate Information – IPO Watch

Public Issue by Shriram Transport Finance Company Limited of Secured Non-Convertible Debentures (NCD) of face worth of Rs. 1,000 every, (“NCDs”), aggregating upto Rs. 50,000 lacs with an choice to retain over-subscription upto Rs.50,000 lacs for issuance of extra NCDs aggregating to a complete of upto Rs. 1,00,000 lacs, hereinafter known as the “Issue”.

Shriram Transport Finance NCD Bonds Issue Options:

NCD Bonds Issue Options - Advertisement -
		11.00%
Individual making use of above 5Lacs		11.10%
Individual making use of upto 5Lacs

Shriram Transport Finance NCD Bonds Issue Details:

Issue Opens On: 27 June 2011
Issue Closes On: 9 July 2011
Face Value of NCD : Rs.1000/NCD.
Retailers Minimum Application: 10 NCDS (Rs. 10,000/-)
Retailers Maximum Application: 500 NCDS (Rs. 5,00,000/-)
Yield on redemption: 10.75% to  11.50% Per annum
Issue Size: Aggregating upto Rs. 500 crs with an choice to retain oversubscription upto Rs 500 crs
Allotment: Allocation on First cum First Serve Basis
Security: Secured Bonds
Registrar to the Issue: INTEGRATED ENTERPRISES (INDIA) LTD

CREDIT RATING:
– ‘AA/Stable’ by CRISIL – signifies excessive diploma of security with regard to well timed cost of curiosity and principal on the NCDs.
– ‘CARE AA+’ by CARE – signifies excessive security for well timed servicing of debt obligations