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Secured NCD Shriram City Union Finance Ltd (SCUF Ltd.) |
| “Shriram City Union Finance Ltd” has come out with a Public Issue of Secured NCD of face value Rs 1000 each, offering an attractive yield ranging from 10.60% to 11.75% depending upon the series applied for. |
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CLICK HERE… To download the e-application form |
TERM SHEET |
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| The Offer Details are as follows: |
| Issue Opens on |
12th September,2012 |
| Issue Closes on |
26th September,2012 (with an option for early closure or extension) |
| Issue Size |
Public Issue of NCDs aggregating upto 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 |
| Listing on |
BSE & NSE |
| Issuance and Trading |
Compulsorily in dematerialised form |
| Lead Managers to the Public Issue |
A.K Capital Services Ltd., JM Financial Institutional Securities Private Limited & Edelweiss Financial Services Limited |
| Interest on Application Money |
@ 7.00 % per annum on the amount allotted, for other than ASBA applicants, subject to deduction of income tax under the provisions of the Income Tax Act, 1961. |
| Interest on Application Money which is liable to be refunded |
@ 2.50 % per annum on application money which is liable to be refunded to the applicants, other than ASBA applicants, subject to deduction of income tax under the provisions of the Income Tax Act, 1961. |
| Credit Rating |
‘CARE AA’ by CARE & ‘CRISIL AA-/Stable’ by CRISIL |
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| Terms of the Issue |
| Series |
I |
II |
III |
IV |
Frequency of
Interest Payment |
Annual |
Annual |
Not Applicable |
Not Applicable |
| In Multiples of |
Rs. 1,000 (1 NCD) |
Rs. 1,000 (1 NCD) |
Rs. 1,000 (1 NCD) |
Rs. 1,000 (1 NCD) |
Face Value of NCDs
(Rs. / NCD) |
Rs. 1,000 |
Rs. 1,000 |
Rs. 1,000 |
Rs. 1,000 |
| Coupon (% per annum) - (A) |
10.60% |
10.75% |
Not Applicable |
Not Applicable |
| Additional Incentive on Coupon (% per annum) on Any Record Date - (B) |
| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
| 0.90 |
Nil |
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| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
| 1 |
Nil |
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Not Applicable |
Not Applicable |
| Effective Yield (% per annum) on any Record Date |
| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
| 11.50 |
10.60 |
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| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
| 11.75 |
10.75 |
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| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
| 11.50 |
10.60 |
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| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
| 11.75 |
10.75 |
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Redemption
Amount (Rs./NCD) |
Repayment of the Face Value plus any interest that may have accrued plus Additional Incentive as may be applicable at the Redemption Date |
Repayment of the Face Value plus any interest that may have accrued plus Additional Incentive as may be applicable at the Redemption Date
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| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
| Rs. 1386.20 per NCD* |
Rs 1,352.90
per NCD*
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| NCD Holders who are Individuals |
NCD Holders who are Non Individuals |
Rs 1,743.30
per NCD*
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Rs 1,666.65
per NCD*
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| Tenor |
Thirty six months |
Sixty months |
Thirty six months |
Sixty months |
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* subject to applicable tax deducted at source, if any. |
| Contact Details |
| For more information, please call 022-40936076 or email us at mf@sushilfinance.com |
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