Reliance Home Finance Limited NCD Issue Details
(Secured Redeemable Non-Convertible Debentures)
Reliance Home Finance Limited is a part of Reliance Capital Ltd., one of India’s leading and amongst most valuable financial services companies in the private sector.
It has to raise Rs 3500 crore though NCD on Dec 16, 2016. Get Latest news and updates on Reliance Home Finance Limited NCD.
Reliance Home Finance Limited NCD Issue:-
Issue Size: Base Issue of Rs.
Reliance home finance defaults. Reliance debt mutual fund schemes affected
3500 Crores, with an option to retain over subscription up to Shelf Limit, i.e. up to Rs. 1000 Crs.
Lead Manager: Edelweiss Financial Services Limited & Others
Issue opens: Thursday December 22, 2016
Issue closes: Friday, January 6, 2017
Allotment: First Come First Serve Basis
Face Value: Rs.
Reliance Home Finance Ltd: NCD Analysis
1000 per NCD
Issue Price: Rs. 1000 per NCD
Nature of Instrument: Secured Redeemable Non-Convertible Debentures
Minimum Application: 10,000 (10 NCD’s) and in multiple of ₹ 1,000 (1 NCD) thereafter across all Series
Listing: BSE & NSE
Rating: “AA+” (Outlook:Stable) by CARE, and Brickwork’s
SPECIFIC TERMS FOR EACH SERIES OF BONDS:
|ISSUE STRUCTURE – BUCKET DETAILS|
|Category||I – Institutional|
|II – Non Institutional|
|III – High Networth Individual |
(“HNI”) amount aggregating above Rs.10 lacs
|IV – Retail Individual|
(“Retail”) amount aggregating up to and including Rs.
|Category Allocation||30% of the overall Issue Size.||10% of the overall Issue Size.||30% of the overall Issue Size.||30% of the overall Issue Size.|
|Bucket Size (Rs.) assuming Issue size of Rs.3,500Cr||Rs.1,050 Crores||Rs.350 Crores||Rs.1,050 Crores||Rs.1,050 Crores|
|Nature of NCDs||Secured||Unsecured|
|Who can Apply||All categories of investors (Category I, II, III and IV)|
|Issue Price per NCD||Rs.1,000/-||Rs.1,000/-||Rs.1,000/-||Rs.1,000/-|
|Frequency of Interest||Annual||Annual||Annual||Annual|
|Tenor||3 Years||5 Years||10 Years||15 Years|
|Put/Call Option||NA||NA||NA||Call option may be exercised after 10 years from Deemed Date of Allotment|
|Coupon Rate & Effective Yield (% p.a.) for :|
|Category I & II|
(“QIB” & “Corporate”)
|Category III & IV|
(“HNI” & “Retail”)
|* In the event the company does not exercise the call option, a step-up of 25 bps above coupon after 10 years from Deemed Date of Allotment shall be payable on every subsequent coupon payment date.|
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It has to raise Rs 3500 crore though NCD on Dec 16, 2016. Get...Elite [email protected] Wealth Advisors Ltd.