Shriram Transport Finance STFC NCD July 2014 – Details & Review
Shriram Transport Finance Company (STFC) has opened its public issue of NCDs on 02-July-2014 & it closes on 22-July-2014 offering 8 investment options with yield upto 11.75%.
This is the first NCD issue of this financial year from STFC. The comapnby has few NCD issues in 2013-2014
Type of Instruments – Secured Redeemable NCDs
Size of Issue - Rs 1000 crore through this issue, with an option to retain oversubscription upto Rs 1000 crore, aggregating to a total of upto Rs 2000 crore.
Listing – Proposed to be listed on NSE & BSE
Credit Rating - AA/stable by CRISIL and AA+ by CARE
Investment options – Annually / Cumulative Interest for 36 months, 60 months , 84 months
Annual Interest Payment:For Individual Investors
STFC NCD July 2014 - Annual Interest Option
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