Jun 22, 2011

SHRIRAM TRANSPORT NCD ISSUE

Shriram Transport Finance Company Limited is coming out with a public Issue of NCDs.

These are Secured Non Convertible Debentures.

Issue size is Rs 500 Crs with an option to retain oversubscription upto Rs 500 Crs.

Rs 200 Crs is reserved for retail Investors (applying upto 5 lacs).

Issue is Opening on 27th June 2011 and Issue Closing on 9th July2011.                                                                                     The company has the option of closing on an earlier date if the Target amount is achieved.

INTEREST RATES

Detail

Option 1

Option 2

Face Value Rs 1000

Rs1000

Min Appln 10 NCDs (Rs 10,000) 10 NCDs (Rs 10,000)
Rate ( Reserved Individual ) 11.60% pa 11.35%
Tenor 60 months 36 months
Put / Call Option at the end of 48 months Nil
Rating Crisil – AA / Stable
Care - AA+
Crisil – AA/Stable
Care - AA+

NCD’s are proposed to be listed in the National Stock Exchange.

Allotment in Demat form only.

Prepared from information publicly available to me without independent verification.

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