a) For the purpose of lending, financing, and for repayment of Loan ; and
b) For General Corporate Purposes
Rate of interest goes upto 10.04% for 5 years for annual payment. Check SREI Infra live Price here. Last year they had come with 12% Return NCD. You can consider going for these bonds as these are giving good return and are secured NCD which is always better than unsecured NCD. ‘Secured’ in nature means that in case of any default on its payment of interest or principal, the bondholders will have the right on certain secured assets of SREI Infra.
Credit Rating & Nature of NCDs – Brickwork Ratings has rated this issue as ‘AA+’. Debt instruments with such a rating are considered to have high degree of safety regarding timely payment of interest and principal.
|Issuer||SREI Infrastructure Finance Limited|
|Issue Opens on|
Wednesday, 7th September, 2016
|Issue Closes on|
Wednesday, 28th September, 2016*
“BWR AA+” by Brickwork
Rs 1,000 per NCD
Rs 250 Cr an option to retain oversubscription upto Rs 1,000 Cr
Institutional - 20%, Non-Insti - 20%, and Individual - 60%
Proposed to be listed on BSE and NSE
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