The company is offering a coupon rate of 11.50 % and 11.75% for three-year and five-year tenured NCDs respectively for retail investors
Chennai
based Shriram City Union Finance’s secured NCD issue of Rs 250 crore, with an
option to retain over-subscription up to Rs 250 crore, opens for subscription
today and closes on 26 September 2012.
The
company has reserved 40% or Rs 200 crore of the issue for retail investors,
another Rs 200 crore for HNIs and the rest for QIBs and corporates.
Established
in 1986, the company provides retail finance for two wheelers, cars, loan
against gold and personal loans.
Commission to sub-brokers: 1.40% to 1.50% depending on the amount mobilized
Listing:
NSE & BSE
Minimum application: Rs
10,000 and in multiples of Rs 1,000
Rating: AA
/Stable by CARE & AA-/Stable by CRISIL
Coupon Rate:
11.50% for three-year tenured NCD and 11.75% for five-year for retail investors
