Its time to earn high interest. Invest in Shriram Transport Finance company Ltd (Secured Non-convertible Debentures) and Earn Up to 11.40% p.a*. The allotment is on “first come first served” basis. Issue opens on 26th July 2012.
NCD Name: Shriram Transport Finance Company Limited (STFL)
NCD Opening Date: 26-07-2012
NCD Closing Date: 10-08-2012
Face Value: Rs. 1000/-
Basis of Allotment: First Come First Serve Basis
[download id=”291″]
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Options |
I |
II |
III |
IV |
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|
Frequency of Interest Payment |
Annual |
Annual |
Cumulative |
Cumulative |
|
|
Minimum Application |
Rs.10,000 (10 NCDs) (for all options of NCDs, namely Options I, II,III and IV, either taken individually or collectively) |
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In Multiples of |
1 NCD after the minimum subscription |
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|
Face Value & Issue Price of NCDs (Rs. /NCD) |
Rs.1,000 |
Rs.1,000 |
Rs.1,000 |
Rs.1,000 |
|
| Coupon(%) (per Annum) |
10.25% |
10.50% |
10.25% (Compounded Annually) |
10.50% (Compounded Annually) |
|
| Additional Incentive on Coupon -per annum on any Record Date* (*Applicable for Individual Investor Only) |
0.90% |
0.90% |
0.90% |
0.90% |
|
| Effective Yield for Individual Investors on any Record Date |
11.15% |
11.40% |
11.15% |
11.40% |
|
| Maturity Amount | Rs. 1,000/- per bond | Rs. 1,000/-
per bond |
Rs. 1,373.19/-
per bond |
Rs. 1,716.15/- per bond | |
| Effective Yield for Non – Individual Investors on any Record Date |
10.25% |
10.50% |
10.25% |
10.50% |
|
| Tenure | 36 months | 60 months | 36 months | 60 Months | |
| Redemption Date | 36 months from the Deemed Date of Allotment | 60 months from the Deemed Date of Allotment | 36 months from the Deemed Date of Allotment | 60 months from the Deemed Date of Allotment | |
| Redemption Amount (per NCD) |
Repayment of the Face Value plus any Interest that may have accrued at the redemption Date |
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| Listing | Proposed to be listed on BSE and NSE | ||||
| Credit Rating | CARE AA+ by CARE, CRISIL AA (stable) By CRISIL | ||||
The online platform enables you to apply using just the number of shares and the price, with no necessity of filling up a tedious application form.
