The NCD offering has received credit rating of “CARE AA (Double A)” by CARE and “BWR AA” (BWR Double A, Outlook: Stable) by BRICKWORK. Instruments with such ratings are considered to have high degree of safety regarding timely servicing of financial obligations. The NCDs are proposed to be listed on the BSE Limited (“BSE”) and NSE.
Speaking on the proposed NCD, Mr. D K Vyas, CEO, Srei Equipment Finance Limited said, “This is the first time the company is coming up with a NCD issue. NCDs give attractive returns for retail investors compared to similar investment products. The funds raised would be used to fund our growth plans for Infrastructure Equipment financing.”
Srei Capital Markets Limited and Edelweiss Financial Services Limited are Lead Managers to the Issue. Axis Trustee Services Limited has pursuant to regulation 4(4) of SEBI Debt Regulations, given its consent for its appointment as Debenture Trustee to the Issue and Karvy Computershare Private Limited is Registrar to the Issue.