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Kolkata-based Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance Ltd, is planning to raise Rs 500 crore through a public issue of secured redeemable non-convertible debentures (NCDs) of face value Rs 1,000 each.
The issue opens on January 3, 2017 and will close on January 20, 2017 (with an option of early closure).
The NCDs offer an annualised coupon of up to 9.75 per cent per annum with a credit rating of "BWR AA+" (BWR Double A Plus) (Outlook: Stable) by BRICKWORK and "SMERA AA/Stable" (SMERA Double A/Stable) by SMERA.
The issue is proposed to be listed on the BSE and the NSE, the company said in a release.
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