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Tuesday, January 3, 2017

SREI Equipment Finance NCD opens from Jan 3

Srei Equipment Finance is coming up with a NCD issue which would be open for subscription between Jan 3 and Jan 20, both days inclusive

These debt instruments has maturity periods of 400 days, 3 years and 5 years and interest payment options are cumulative, monthly or yearly as per the choice of investors. The coupon rates are ranging from 8.90 per cent to 9.75 per cent. For cumulative scheme, for 400 days under cumulative scheme it offers premium of Rs. 95-97, for 3 years Rs. 305-315 and for 5 years Rs. 575-593 per NCD on maturity depending on category of investors

Srei Equipment Finance Limited (“SEFL”) is one of India’s leading non-banking financial company in the organized equipments financing sector with a principal focus on financing infrastructure equipment.

It is registered with RBI as a non-deposit taking systemically important, non-banking  financial company (“NBFC-ND-SI”). It is classified as “Assets Finance Company” (AFC) within the meaning of NBFC.

It provides financial products and services to companies operating in the construction, mining, technology and solutions, healthcare, ports and railways, oil and gas, agriculture and transportation sectors. Financial products and services offered by SEFL comprise loans, leases, rentals and fee-based services.

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