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Wednesday, September 5, 2012

Shiram City Union Fin. - NCD Sep 2012- 11.75%

Shriram City Union Finance Limited  Secured NCD

Public Issue is for an amount of Rs. 250 Crores with an option to retain over-subscription upto Rs.250 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 500 Crores

Issue Details

Issue Opens On:                               Wednesday, September 12, 2012
 Issue Closes On:                               Wednesday, September 26, 2012

Rating:                                                  ‘CARE AA’ by CARE & ‘CRISIL AA-/Stable’ by CRISIL

Interest Rate:                                    11.50% per annum for 36 months
11.75% per annum for 60 months
 Minimum Application:                 Rs.10000 (10 NCDs)& in multiples of Rs. 1,000 (1 NCD) thereof.

About Company

Shriram City Union Fin. Ltd ,  a deposit accepting Non Banking Finance Company registered with RBI and the largest small enterprise finance company in India. The fund raised to this issue  will be primarily be used for various financing activities including leading & investments. The fund would be also used to repay existing loans.

Product Details

Secured NCD - Shriram City Union Fin Ltd
Frequency.of.Interest PaymentAnnualAnnualN/AN/A
Min ApplicationRs. 10000 (10 NCD's)
in Multiple of1000100010001000
Face value of  NCD1000100010001000
Coupon (% per annum)10.6010.75N/AN/A
Additional Incentive on coupon.90nil1.00nil
Net coupon Rate (% p.a.)11.5010.6011.7510.75
Effective Yield11.5010.6011.7510.7511.5010.6011.7510.75
Tenor36 month60 month36 month60 month
Redemption Amount (per NCD)Face value + any interest due on redemption date1386.201352.901743.301666.65
Deemed date of AllotmentThe deemed date of allotment for the NCDs shall be the date of issue of allotment advice

The allotment of Bonds will be on first cum first serve basis

Cheque in favour of   :       " Escrow Account  SCUF NCD Public Issue "

Registrar of the Issue  :      Integrated Enterprises 

 Points of Issue in your mind

  • Allotment of NCD's offer to public shall be made within time period of 12 working days from the date of closure of issue.
  • If individual investor (Reserved Individual Investor &  Non reserved Individual Investor )  hold the NCD's on any record date, they shall be eligible to additional incentive in terms of interest in case of Series I & II and redemption premium amount in case of Series III & IV respectively.
  • Investor can make an application through  ASBA mechanism through submitting ASBA Application to the member of Syndicate
  • Tax Treatment For resident NCD holder, interest received would be subject to tax at the normal rate of tax.   Long term capital gain arising on the transfer of listed debentures would be subject to tax at rate of 10% of capital gains calculated without indexation of the cost of acquisition.
  • NO TDS Deduction on any interest payble on securities issued by the company in dmat form and listed on a recognized stock exchange in India
  • D'mat account is necessary for investing  in these NCDs to all categories of investors.

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