25 May 2012

Secured Bonds of 12.15% Religare Finvest available at 12.75% p.a. yield

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Secured NCDs by Religare Finvest Ltd (RFL). The bonds have been rated LAA- by ICRA indicating a high degree of safety regarding timely servicing of financial obligations and carrying low credit risk. These NCDs offer a highcoupon rate of 12.15% p.a. and with us its currently available at 12.75% p.a. Yield.

With the RBI showing signs of monetary easing, the time is opportune to invest in good quality corporate bonds with a medium to long term investment horizon. Apart from fetching attractive coupon rates, there is also an opportunity to make capital gains on bonds if interest rates eventually soften.

Bond Details:

Details
Particulars
Rating
LAA- by ICRA
Face Value
Rs.1000
Current Price
Rs.989
Coupon/Interest Rate
12.15% p.a
Yield p.a.
12.75% p.a
Interest Payment Frequency
Annual
Maturity
23 Sep 2014
Put/Call option
N.A
Issuance
Demat Form

Company Overview:

Religare Finvest, a 100% subsidiary of Religare Enterprises Ltd, is a SME (Small & Medium Enterprise) financing focussed NBFC with a wide network of branches. It is a registered NBFC which concentrates on providing debt to encourage SMEs and credit like Loan against Property, Loan for Commercial Vehicles, Personal Finance etc. With a belief that the customer’s success is their success, its presence in 39 branches across all major cities plays a vital role in nurturing the customers business while growing to a book size of over US $2 Bn.

Company Financials:
                                                                                        (Rs.Cr)
Particulars
Mar-09
Mar-10
Mar-11
Total Income
354.68
536.16
1,163.15
Profit after Tax
46.04
102.83
114.77
Networth
1,342.69
1,465.67
1,610.13

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