Jun 17, 2011

Shriram Transport Finance Company Limited - Secured NCD - June 2011


A Public Limited Company Incorporated under the Companies Act, 1956 (Registered as a Non-Banking Financial Company within the meaning of the Reserve Bank of India Act, 1934

The Flagship Company of Shriram Group, Shriram Transport Finance co ltd is India's largest asset financing institution. Headquartered in Mumbai and with a pan India presence. Shriram Transport enjoys a track record of almost three decades (since 1979) in this business. The principal stake holders of Shriram Transport (Besides the Shriram Group) are reputed institutions such as ChrysCapital, Citicorp, Axis Bank etc. besides an overall family of 38,719 share holders.

Public Issue by Shriram Transport Finance Company Limited, ("Company" or "Issuer") of Secured Non-Convertible Debentures of face value of Rs.1,000 each,
("NCDs"), aggregating upto Rs.50,000 lacs with an option to retain over-subscription upto Rs.50,000 lacs for issuance of additional NCDs aggregating to a total of upto Rs.1,00,000 lacs, hereinafter referred to as the "Issue".

CREDIT RATING
'AA/Stable' by CRISIL - indicates high degree of safety with regard to timely payment of interest and principal on the NCDs.
'CARE AA+' by CARE - indicates high safety for timely servicing of debt obligations

Issue Opens On: 27 June 2011                               Closes On: 9 July 2011

  • Allocation on First cum First Serve Basis
  • Security : Secured Bonds
NCD Option
Option 1
Option 2
Tenor (Months)
60
36
Interest Payment
Annual
Annual
Face Value
1,000
1,000
Coupon Rate %


QIB / NII
11.10%
11.00%
Individual applying above 5Lacs
11.35%
11.10%
Individual applying upto 5Lacs
11.60%
11.35%

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