Credit Ratings: "CRISIL AA/Stable" and "[ICRA] AA/Outlook Stable"
Allotment - First Come First Serve Basis
| Issue Opens | Wednesday, March 07th, 2018 |
| Issue Closes | Thursday, March 22nd, 2018 |
| Registrar | Karvy Computershare Private Ltd. |
| Listing On | NSE & BSE |
| Issue Price | Rs. 1000 per NCD |
| Face Value | Rs. 1000 per NCD |
| Minimum Application | Rs. 10,000 (10 NCDs) either taken individually or collectively across all or any series of NCDs |
| Issue Size | Public Issue by the Company of 2,500,000 NCDs of face value of Rs.1,000 aggregating up to Rs.2,500 million with an option to retain over-subscription up to additional 2,500,000 NCDs amounting to Rs.2,500 million aggregating up to Rs.5,000 million. |
| Credit Ratings | "CRISIL AA/Stable" and "[ICRA] AA/Outlook Stable" |
| Security Type | Secured Redeemable Non-Convertible Debentures |
| Series | I | II | III | IV*** | V | VI |
|---|---|---|---|---|---|---|
| Frequency | Monthly | Annual | Monthly | Annual | Monthly | Annual |
| Tenure | 3 years | 5 years | 10 years | |||
| Coupon (% per annum) in Category I, II, III & IV | 8.42% | 8.75% | 8.65% | 9.00% | 8.88% | 9.25% |
| Effective Yield (per annum) in Category I, II, III & IV | 8.75% | 8.75% | 9.00% | 9.00% | 9.25% | 9.25% |
***The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated their choice of the relevant NCD series.
Returns
NCDs offer higher rate of interest to investors.
Safety
NCDs are rated by credit rating agencies.
Liquidity
Listed NCDs can be traded on stock exchange.