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Srei Infrastructure Finance Ltd (Srei) is planning to raise ₹ 200 crore through issue of secured redeemable non-convertible debentures (NCDs) of face value Rs 1,000 each.
The issue will also have the option of retaining oversubscription up to the "residual shelf limit" of Rs 706.63 crore.
The issue opens on January 30 and closes on February 23, the company said in a release.
The NCDs have a credit rating of "BWR AA+" (BWR Double A Plus) (Outlook: Stable) by BRICKWORK.
According to Srei release, the highest coupon rate is 9.50 per cent and it is avaialble for investors of all categories for a tenor of five years.
For investors looking at a tenor of three years, the coupon rate is 9.25 per cent per annum. And for a tenor of 400 days, the coupon rate is 8.50 per cent per annum.
The NCDs are proposed to be listed on the NSE and BSE.
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