With reference to the earlier announcement dated May 21, 2013 about the decision of the Board of Directors of the Company to raise funds through public issue of NCDs, SREI Infrastructure Finance Ltd has announced that the Public Issue by Srei Infrastructure Finance Limited (the "Company" or the "Issuer") of Secured Redeemable Non-Convertible Debentures ("NCDs") of Face Value of Rs. 1,000/- each (the "Debentures" or the "NCDs"), for an amount upto Rs. 1,000 Million (the "Base Issue") with an option to retain over subscription upto Rs. 1,000 Million aggregating to Rs. 2,000 Million ("Overall Issue Size"), hereinafter referred to as the "Issue" opens for subscription on August 26, 2013 and closes on September. 17, 2013.
If in the event, the Issue closes on an earlier date or extended date, as may be decided by the Board/Committee of Directors, the Company shall ensure that notice of the same is provided to the prospective investors through advertisements in a leading national daily newspaper on or before such earlier date of Issue closure or initial date of Issue closure, as the case may be.
Further the Company has said that, the NCDs have been rated as ‘CARE AA- (Double A Minus)’ by CARE and ‘BWR AA (BWR Double A)’ by BRICKWORK.
If in the event, the Issue closes on an earlier date or extended date, as may be decided by the Board/Committee of Directors, the Company shall ensure that notice of the same is provided to the prospective investors through advertisements in a leading national daily newspaper on or before such earlier date of Issue closure or initial date of Issue closure, as the case may be.
Further the Company has said that, the NCDs have been rated as ‘CARE AA- (Double A Minus)’ by CARE and ‘BWR AA (BWR Double A)’ by BRICKWORK.
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