Shriram Transport Ncd: Shriram Transport Finance Corporation Ncd Details

By Author: dariya
Total Articles: 348
Comment this article

STFC Non-Convertible Debenture Scheme

Shriram Transport Finance is one of the biggest resource financing Non-banking account organizations in India. Following a half year, the organization has declared Secured NCDs of 2019. The NCD opened for membership on seventeenth July 2019 and will close on sixteenth August 2019. These NCDs are made sure about and offer 9.71% loan fees. Financial specialists will draw in to the high-loan fee NCDs of Shriram Transport Finance.

Shriram Transport Finance Corporation NCD Details

Issue Open July 17, 2019-August 16, 2019

Security Name Shriram Transport Finance Company Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NDCs)

Issue Size (Base) Rs 300.00 Crore

Issue Size ( Shelf) Rs 10,000.00 Crores

Issue Price Rs 1000 for each NCD

Presumptive worth

Least Lot Size 10 NCD

Market Lot 1 NCD

Posting At BSE, NSE

Credit Rating 'CARE AA+; Stable' via CARE Ratings Limited ("CARE") and 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL")

Tenor Annual, Cumulative, ...
... and Monthly

Series Series I to Series X

Installment Frequency 30 months/42 months/60 months/84 months

Premise of Allotment First Come First Serve Basis

The organization raised Issue (Shelf) around Rs 10,000 crores. The base size of the Issue is Rs 300.00 crores. It allows to hold over-membership up to Rs 9,700 crore. The Non-Convertible Debentures (NCD) offered various toners, rating from 30 months to 84 months with loan fees from 9.12% to 9.71 % relying upon the Tenor. The NCDs are accessible for 10 focuses. A base use of issue is for 10 securities (NCD) and the Market part is 1 NCD. The NCD has referenced that senior residents would get a 0.25% additional loan cost. Intrigue payable ought to be accessible for month to month, yearly, and on a total premise. The value band of the issue is Rs 1000 for each NCD of presumptive worth Rs 1000 for every NCD. The organization has proposed to be recorded on BSE and NSE.