Shriram TransportFinance Company Limited has launched Non Convertibe Debentures (NCD) offering return from 9% to 11%. Total issue is worth Rs. 500 crores and the allotment will be done on first-cum-first-serve basis. NCDs are better bet over FDs because they offer high liquidity.
Inter Category overflow in favour of individuals, then NII and then QIB.
Interest on Refund amount 2.5%
Interest on application money on allotted amount 7.00%
Who Can Apply:
Category I
Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorized to invest in the NCDs;
Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorized to invest in the NCDs;
Venture Capital funds registered with SEBI;
Insurance Companies registered with the IRDA;
National Investment Fund;
Mutual Funds;
Category II
Companies; bodies corporate and societies registered under the applicable laws in India and authorized to invest in the NCDs;
Public/private charitable/religious trusts which are authorized to invest in the NCDs;
Scientific and/or industrial research organizations, which are authorized to invest in the NCDs;
Partnership firms in the name of the partners; and
Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009)
Category III
The following persons / entities:
Resident Indian individuals; and
Hindu Undivided Families through the Karta
Applications received from Category III applicants- Applications by applicants who apply for NCDs aggregating to a value not more than Rs. 5 Lakh, across all series of NCDs irrespective of whether they are Secured NCDs or Unsecured NCDs, (Option I, Option II, Option III and/or Option IV), shall be grouped together, (”Reserved Individual Portion“) while applications by applicants who apply for NCDs aggregating to a value exceeding Rs. 5 Lakh, across all series of NCDs, irrespective of whether they are Secured NCDs or Unsecured NCDs, (Option I, Option II, Option III and/or Option IV), shall be separately grouped together, (”Unreserved IndividualPortion“). For further details please refer to “Additional Applications” of the Draft Prospectus.
To Apply/ Invest in Shriram ransport Finance NCD or to Order Forms, email at fd@moneyvriksh.com
Larsen and Toubro (L&T) Finance Limited has announced the public issue of secured listed redeemable Non Convertible Debentures (2010 A Series). L&T Finance will issue NCDs aggregating Rs. 250 Crores with an option to retain over-subscription up to Rs. 250 Crores for issuance of additional NCDs, aggregating to a total of up to Rs. 500 Crores. Following are the main details of the issue-
Security: Security will be created for the purpose of this Issue as per the Debenture Trust - cum - Mortgage Deed
Trading: In Demat form only
Trading Lot: 1 NCD
Option
I
II
Interest Payment
Semi-annual
Annual
Face Value (Rs.)
1,000/-
1,000/-
Coupon Rate
8.40% p.a.
8.50% p.a.
Yield on Redemption
8.58%
8.50%
Tenor
36 months
36 months
Redemption Date / Maturity Period
36 months from the date of allotment
36 months from the date of allotment
Redemption Amount
Face value plus any interest that may have accrued payable on redemption.
Face value plus any interest that may have accrued payable on redemption
Interest on refunds
2.50% p.a.
2.50% p.a.
Interest on application money on which allotments are made
7.00% p.a.
7.00% p.a.
To invest in L & T Finance company NCD, mail at contactus@moneyvriksh.com or visit www.moneyvriksh.com/investnow . To order Forms, email us at given email-id.
L & T Finance company is offering NCD (Non Convertible Debentures) public issue. The issue is open for purchase from 18th August- 4th September, 2009. Investors can get interest yield from 9.85% to 10.50% depending upon the tenure and other variables. The NCD will be listed on National Stock Exchange.
Public Issue of Secured Non Convertible Debentures Offering Summary
Size : Aggregating upto Rs. 500 crs with an option to retain oversubscription upto Rs 500 crs
Investment options: Four options
Credit Rating: “CARE AA+” by CARE and “LAA +” by ICRA
Yield on redemption: 9.85% to 10.50% Per annum
Subscription period: Issue Opening date : 18th August 2009 - Issue Closing date : 4th September 2009
Security: Security will be created for the purpose of this issue as per the Debenture Trust - cum- Mortgage Deed
Listing: The NCDs to be listed on National Stock Exchange (“NSE”)
Fixed Deposit, New Fund Offer | admin | May 14, 2010 | 
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