07/07/2013
Dear All,
Shriram Transport Finance Ltd (STFC) is coming up with the public issue of Secured Non-Convertible Debentures of face value of Rs.1,000 each.
The issue is tentatively scheduled to open on 16th of July The tentative yield for the NCDs are 10.90% p.a. for 3 years and 11.15% p.a. for 5 year paper for the individual segment. The minimum subscription amount is Rs,10,000 in multiples of Rs.1,000. The NCDs are proposed to be listed on BSE & NSE.
The issue break up is as follows: issue size Rs.750 crores. Retail 50%, HNI 30% Corporate: 10% QIB 10%.