SREI INFRASTRUCTURE FINANCE LTD. - Updates on Public Issue of NCDs
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| 30 Jun 2015 | |
| SREI Infrastructure Finance Ltd has informed BSE that the Public Issue By SREI Infrastructure Finance Limited (The "Company" or the "Issuer") of 2,000,000 Secured Redeemable Non-Convertible Debentures of Face Value of Rs. 1000/- each (The "Debentures" or the "NCDs"), amounting to Rs. 2,000 Million ("Base Issue Size") With an Option to Retain Oversubscription Upto Rs. 10,000 Million (The "Overall Issue Size") ("Tranche 2 Issue") within the residual Shelf Limit of Rs. 11,738,569 Million and is being offered by way of the Tranche 2 Prospectus, Which Should be read together with Shelf Prospectus dated September 22, 2014 (the "Shelf Prospectus") will open for subscription on Wednesday, July 01, 2015 and close on Monday, July 20, 2015.<BR><BR>Further, the Company has informed that the NCDs have been rated 'CARE AA- (Double A Minus)' by Credit Analysis & Research Limited ("CARE") and 'BWR AA (BWR Double A)' by Brickwork Ratings India Private Limited ("BRICKWORK"). Instruments with a rating of 'CARE AA- (Double A Minus)' by CARE and 'BWR AA (BWR Double A)' by BRICKWORK are considered to have high degree of safety regarding timely servicing of financial obligations. The NCDs are proposed to be listed on BSE Limiled ("BSE") (the "Designated Stock Exchange"). BSE has granted its in-principle approval in relation to the Issue vide Letter dated September 19, 2014. | |
| View all announcements for SREI INFRASTRUCTURE FINANCE LTD. | Source: BSE India |
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