NCD Issue from Shriram City Union Finance Limited is available now for subscription.
Opening : November, 25 2013 Closing : December, 24 2013 – Allotment on first-cum first-served basis
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Issue Size : Rs.100 Crores with an option to retain over subscription upto Rs.100 crores aggregating to Rs.200 crores
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Face Value of NCD – Rs.1000/- Minimum application - Rs.10000/- (for 10 NCD’s) and in multiples of Rs.1000/- thereof
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NCD Holding – can be held in physical and Dematerialized form
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Credit Rating – “Care AA” rate by CARE, indicating high degree of safety regarding timely servicing of financial obligations
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Listing – BSE and NSE. Trading in Dematerialized form only
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Category of Investors - Category 1- Institutional Investors – Statutory Corporations, Banks, etc
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Interest Payment options – Annual Interest Payment (12 months from the date of allotment) / Cumulated Option
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Tenors – 3 years, 4 years, 5 years
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Secured Debentures
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Principal Repayment Options – Option 1 – At the end of the Tenor (3rd year, 4th year or 5th year)
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An Illustration of your returns on this NCD is provided below for various options as stated above.
RATE OF INTEREST & SCHEMES FOR INDIVIDUAL INVESTORS
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Category III (HNI) & Category IV (Retail Individual Investors)
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Annual Payment of interest Scheme
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Minimum Application Amount
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10,000
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10,000
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10,000
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Tenor
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3 YRS
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4 YRS
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5 YRS
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Rate of Interest
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11.00%
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11.25%
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11.50%
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Interest Payment
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Annual - 12 months from deemed date of allotment
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Annual – 12 months from deemed date of allotment
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Annual - 12 months from deemed date of allotment
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Effective Yield
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11.00%
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11.25%
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11.50%
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Principal Repayment
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End of 3 yrs
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End of 4 yrs
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End of 5 yrs
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Cumulative Scheme
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Minimum Application Amount
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10,000
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10,000
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10,000
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Tenor
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3 YRS
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4 YRS
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5 YRS
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Rate of Interest
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11.00%
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11.25%
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11.50%
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Interest Payment
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CUMULATIVE
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CUMULATIVE
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CUMULATIVE
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Effective Yield
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12.25%
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13.29%
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14.47%
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Amount Receivable at the end of Tenor
(for investment of Rs. 10,000/-) |
13,676
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15,317
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17,233
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Principal Repayment
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End of 3 yrs
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End of 4 yrs
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End of 5 yrs
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Option 2
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Minimum Application Amount
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10,000
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Tenor
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5 YRS
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Rate of Interest
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11.25%
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Interest Payment
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ANNUAL
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Effective Yield
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11.25%
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Principal Repayment
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Rs. 3333/- at end of 36th month / 48th month & 60th Month
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RATE OF INTEREST & SCHEMES FOR NON INDIVIDUAL INVESTORS
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Category I (corporate) & Category II (QIB)
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Annual Payment of interest Scheme
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MINIMUM APPLICATION AMOUNT
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10,000
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10,000
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10,000
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TENOR
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3 YRS
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4 YRS
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5 YRS
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RATE OF INTEREST
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10.75%
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10.75%
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10.75%
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INTEREST PAYMENT
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Annual - 12 months from deemed date of allotment
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Annual -12 months from deemed date of allotment
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Annual -12 months from deemed date of allotment
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EFFECTIVE YIELD
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10.75%
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10.75%
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10.75%
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PRINCIPAL REPAYMENT
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End of 3 yrs
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End of 4 yrs
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End of 5 yrs
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Cumulative
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MINIMUM APPLICATION AMOUNT
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10,000
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10,000
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10,000
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TENOR
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3 YRS
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4 YRS
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5 YRS
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RATE OF INTEREST
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10.75%
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10.75%
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10.75%
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INTEREST PAYMENT
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CUMULATIVE
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CUMULATIVE
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CUMULATIVE
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EFFECTIVE YIELD
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11.93%
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12.60%
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13.32%
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AMOUNT RECEIVABLE AT END OF TENOR
(for investment of Rs. 10,000/-) |
13,580
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15,040
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16,660
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PRINCIPAL REPAYMENT
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End of 3 yrs
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End of 4 yrs
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End of 5 yrs
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Option 2
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MINIMUM APPLICATION AMOUNT
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10,000
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TENOR
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5 YRS
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RATE OF INTEREST
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10.75%
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INTEREST PAYMENT
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ANNUAL
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EFFECTIVE YIELD
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10.75%
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PRINCIPAL REPAYMENT
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Rs. 3333/- at end of 36th month / 48th month & 60th Month
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Thanks and Regards,
Shriram City Union Finance Ltd.
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