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Apr 26, 2012

Private Placement of Subordinated Bonds by Dhanlaxmi Bank Ltd - April 2012


HIGHLIGHTS OF THE BANK:
  • 84 years of time tested existence
  • Network of 275 branches and 425 ATMs covering 160 centers across 14 states.
  • Total business of over Rs. 21,500 crore as on March 31, 2011
  • Operating Profit of Rs. 67.43 crore in FY 2010-11
  • Broad customer base of 1.6 million.
  • Successfully  raised  Rs.  380.73  crore  through  a  Qualified  Institutional  Placement  (QIP)  of equity shares in July 2010.
HIGHLIGHTS OF THE BONDS

Issuer

Dhanlaxmi Bank Ltd.  ("the Issuer"/ "the Bank")

Issue Size

Rs. 200 crore including option to retain over subscription of up to Rs. 100 crore

Instrument

Redeemable Non-Convertible Bonds in the nature of Debentures ("Bonds")

Instrument Form

In Dematerialized Form

Credit Rating

"CARE BBB+" by CARE

Security

Unsecured & Subordinated

Face Value

Rs. 10,00,000/- per Bond

Issue Price

At par (Rs. 10,00,000/- per Bond)

Redemption Price

At par (Rs. 10,00,000/- per Bond)

Minimum Application

1 Bond and in multiples of 1 Bond thereafter

Option/ Bond Series

Option-I

Option-II

Tenure

5 Years 11 Months

7 Years

Put & Call Option

None

None

Redemption/ Maturity *

At par at the end of 5 years 11 months from the Deemed Date of Allotment

At par at the end of 7th year from the

Deemed Date of Allotment

Coupon Rate

11.90% p.a.

11.95% p.a.

Interest Payment

Semi-Annual

Semi-Annual

Annualized Yield

12.25%

12.31%

Interest on Application

Money

At  the  respective  coupon  rate  from  and  including  the  date  of  realisation  of cheque(s)/  demand  draft(s)/  RTGS  upto  but  excluding  the  Deemed  Date  of Allotment

Listing

Proposed  on  the  Wholesale  Debt  Market  (WDM)  Segment  of  the  National  Stock

Exchange of India Ltd. (NSE)

Trustee

Axis Trustee Services Ltd.

Who can apply

Scheduled Commercial Banks, Financial Institutions, Insurance Companies, Primary/ State/  District/  Central  Co-operative  Banks  (subject  to  permission  from  RBI), Regional  Rural  Banks,  Mutual  Funds,  Provident,  Gratuity,  Superannuation  and Pension Funds, Companies, Bodies Corporate authorised to invest in Bonds, Trusts, Individuals, Association of Persons, Societies registered under the applicable laws in India which are duly authorised to invest in Bonds.

* as per RBI norms


FINANCIAL
 HIGHLIGHTS FOR LAST 5 FINANCIAL YEARS

As on/ For the year ended

31-Mar-

07

31-Mar-

08

31-Mar-

09

31-Mar-10

31-Mar-

11

Share Capital

32.06

32.06

64.12

64.12

85.14

Reserve & Surplus

115.32

140.18

360.36

375.96

759.50

Deposits

3087.96

3608.42

4968.81

7098.48

12529.63

Advances

1,839.50

2163.73

3245.30

5,006.26

9,104.25

Investments

865.19

1075.06

1567.36

2027.79

3639.68

Total Income

281.64

360.32

487.78

625.56

1053.19

Total Expenditure

265.49

327.84

430.33

586.87

985.76

Operating Profit

36.04

52.48

85.90

38.69

67.43

Provisions and Contingencies

19.90

20.00

28.45

10.94

27.71

Net Profit

16.14

32.48

57.45

23.30

26.06

Net NPA to Net Advance Ratio

(%)

 

-

 

0.88

 

0.88

0.84

0.30


 To apply for Debenture issue, Kindly indicate your interest on by Calling us at 0-9818269396, or email at info@safeinvestindia.com. We shall send you the Soft / Hard copy of application forms.

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