Srei Infrastructure launches Rs 250-cr NCD issue

Written By Unknown on Senin, 29 September 2014 | 23.25

The bonds with tenure of two years will offer an annual coupon of 10.75 percent to institutional and non-institutional investors, while retail investors will get 11.25 percent

Srei Infrastructure Finance  today launched a Rs 250-crore domestic bond issue as part of its Rs 1,500-crore issuance later.

The bonds with tenure of two years will offer an annual coupon of 10.75 percent to institutional and non-institutional investors, while retail investors will get 11.25 percent, the infra financier said here.

The bonds maturing in three years will offer an annual coupon of 11 per cent to institutional and non-institutional investors and 11.50 per cent to retail investors. The 5-year bonds will yield 11.25 percent to institutional and non-institutional investors and 11.75 per cent to retail ones.

The company is offering a monthly coupon payment options for bonds maturing in 3 and 5 years. It said 75 percent of the net proceeds will be used for lending or repayment of loan and the balance will be utilized for general corporate purposes. The bonds, which opened for subscription today, will close on October 31.

The bonds, rated 'AA-' by Care and 'AA' by Brickwork, are lead managed by ICICI Securities, AK Capital, Edelweiss Financial Services, SPA Capital Advisors and Srei Capital Markets.

SREI Infra stock price

On September 29, 2014, SREI Infrastructure Finance closed at Rs 48.10, up Rs 2.50, or 5.48 percent. The 52-week high of the share was Rs 57.55 and the 52-week low was Rs 17.60.


The company's trailing 12-month (TTM) EPS was at Rs 1.50 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 32.07. The latest book value of the company is Rs 53.22 per share. At current value, the price-to-book value of the company is 0.90.


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