The face value of India Infoline Finance’s unsecured redeemable NCD (Non-Convertible Debentures) of Rs. 500 crore is fixed at Rs. 1,000.
The issue opens on September 5 & closes on September 18, 2012.
The NCD issue will raise Rs. 250 crore with an option to retain an over-subscription of an additional Rs. 250 crore.
The NCDs will be in the nature of subordinated debt & will be eligible for Tier-II capital. This means, in the case of default, creditor with subordinated debt would not get paid out until after the senior debt holders were paid in full.
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| Chennai Pressmeet - India Infoline |
The issue has 3 investment options & the yield on redemption is 13.52% (Monthly Interest Payment), 12.75% (Annual Interest Payment) and 12.75% (Redemption Premium) a year respectively.
Minimum Application Amount: Rs. 5,000 (5 NCDs)
The lead managers are Axis Bank, SBI Capital Markets, Edelweiss Financial Services, Trust Investment Advisors Private and India Infoline (only for marketing of the issue), while the co-lead managers to the issue are RR Investors Capital Services (P) Ltd & Karvy Investor Services Ltd.
For More Details + 91 044 28297497 , Annapoorni Ad factors pr , annapoorni@adfactorspr.com
+ 91 22-4060 9268, +91 77383 55971, shraddha.kamat@indiainfoline.com
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