Jul 30, 2011

Public Issue of IIISL NCD : India Infoline Group NCD - August 2011

IIISL (IIFL Group) opens its Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 750 crores on August 4, 2011

  Offer Coupon rate upto 11.9% p.a. on 5 Year Secured NCDs

India Infoline Investment Services Limited (IIISL or “the Company”), an NBFC subsidiary of India Infoline Limited (IIFL) will open, its maiden public issue of Secured Redeemable NCDs of the face-value of Rs. 1,000 each aggregating to Rs 375 crores, with an option to retain oversubscription up to Rs 375 crores, aggregating upto a total of Rs. 750 crores (the “Issue”). The NCD Issue with 3 investment options and yield on redemption of upto 11.90% (per annum) opens on August 4, 2011 and closes on August 12, 2011.

The NCDs will be listed on National Stock Exchange and Bombay Stock Exchange and will have a tradable lot size of 1 NCD. The face value of NCD is Rs 1,000 and minimum application is Rs 5,000. The proposed NCDs have been rated ‘[ICRA]AA- (stable)’ by ICRA, and ‘CARE AA-' by CARE, indicating high degree of safety for timely servicing of financial obligations.

There are three investment options:
Option I (Annual interest payment): The redemption date or maturity period is 36 months from the
deemed date of allotment and the coupon rate is 11.7% p.a. The interest payment is annual and the face
value plus any interest that may have accrued is payable on redemption.

Option II:. NCDs FV Rs 1000 will be redeemed at Rs 1446.18 at the end of 40 months from the deemed date of allotment with an effective yield of 11.7% per annum.
Option III (Annual interest payment): The redemption date or maturity period is 60 months from the
deemed date of allotment. The coupon rate is 11.9% p.a. for Category III investors and 11.7% p.a. for
others. The interest payment is annual and the face value plus any interest that may have accrued is
payable on redemption.

Cheque/ DD should be drawn in favour of “IIISL- NCD IPO- Escrow”

Allocations on First cum first served basis

About IIISL:
  • IIISL, a subsidiary of India Infoline Limited (IIFL) is registered with Reserve Bank of India as a non-banking finance company. IIISL offers a broad suite of lending and other financial products to both retail and corporate clients.
  • The loan book has witnessed a CAGR of 51.99% over the last three years and stands at Rs 32.89 bn as on March 31, 2011. Mortgage Loans accounted for 60% of the Loan Book, Capital Market Finance accounted for 35% of the Loan Book and Gold Loans accounted for 4% of the Loan Book. Health Care Finance is a recent product which has been introduced in FY 2011. Net NPAs as on March 31, 2011 was 0.36% of the total loan book.
  • As on March 31, 2011 the Company’s capital adequacy ratio stood at capital adequacy requirement of 15% stipulated by RBI for FY11.
  • IIISL’s promoter, IIFL is a reputed financial services organization having presence across India. The global footprint extends across geographies with offices in New York, London, Hong Kong, Singapore, Dubai, Mauritius and Colombo. It is listed on BSE and NSE. IIFL Group’s services and products include retail broking, institutional equities, commodities and currency broking, wealth advisory, credit & finance, insurance broking, asset management, financial products distribution & investment banking.
To Apply above NCD Issue:
Call us on :  - 0-9910009312 (All India), 0-9990480888 (Delhi)
 and or Email us on: info@safeinvestonline.com

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