Shriram Transport NCD – 2013 Oct issue 11.75%

Shriram Transport NCD – 2013 Oct issue 11.75%

RRK Advisory recommends subscribing to this issue under 3 years holding option.

Highlights :

A public issue of NCDs for Rs.500 Crores

Very attractive interest rates :

  • 11.75% for 7 years,
  • 11.50% for 5 years
  • 11.25% for 3 years.

Interest payment – Annual & Cumulative.

For demat holding, there is no TDS deducted.

“CARE AA+” rating by CARE & “CRISIL AA/Stable” rating by CRISIL.

Will be listed in NSE & BSE. Offers easy liquidity through exchange.

Issue opens on 07/10/2013. Allotment is on “First Come First Serve” basis.

Detailed presentation and prospectus.

Public Announcement.

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