| Listing of new debt securities of Shriram Transport Finance Company Limited |
Trading Members of the Exchange are hereby informed that with effect from Monday, December 3, 2018, the under mentioned new securities issued by Shriram Transport Finance Company Limited on private placement basis shall be listed and admitted to dealings on the Exchange in the list of F GROUP - DEBT INSTRUMENTS
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1) Securities Description
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Secured Redeemable Non-Convertible Debentures Series PPD 18-19 G -02 issued on private placement basis of Rs.10,00,000/- each fully paid up.
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Quantity
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2,500
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Market Lot
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1
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Scrip Code
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958395
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Scrip ID on the Bolt System
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980STFCL21
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Detail Name on the Bolt System
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STFCL-9.80%-11-3-21-PVT
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ISIN Number
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INE721A07OI4
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Credit Rating
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CRISIL AA+
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Face Value
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Rs.10,00,000/-
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Paidup Value
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Rs.10,00,000/-
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Rate of Interest
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Coupon
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Coupon Period
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Coupon Rate
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1st Coupon to be paid on
11th March 2019
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20th November 2018
to 10th March 2019
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"Benchmark + Spread 2.22%"
= 9.80% p.a.
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2nd Coupon to be paid on
11th March 2020
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11th March 2019
to 10th March 2020
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"Benchmark + Spread 2.22%"
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3rd Coupon to be paid on
11th March 2021
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11th March 2020
to 10th March 2021
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"Benchmark + Spread "
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Benchmark Reset: Benchmark for first coupon payment is set at 7.58% based on the previous 10 days average of 3 month CD rates as on 14th November, 2018 (as given in Reuters INCDFIX+3M). The benchmark reset will happen at the end of 1st coupon period (i.e. 11th March, 2019) and 2nd coupon period (i.e. 11th March, 2020) for the subsequent period interest rate calculation. Benchmark reset will be Simple Average of 10 working days immediately preceding the beginning of subsequent interest period. Benchmark thus arrived on 11th March, 2019 and 11th March, 2020 will be used to calculate the coupon payment due on 11th March, 2020 and 11th March, 2021 respectively.
Spread reset: The Spread will be reset on 11th March, 2020 (for calculating coupon payment on 11th March, 2021). However, if the spread quoted by the investor is not acceptable by the issuer then the issuer reserves the right to redeem the NCDs on 11th March, 2020, here after referred as Early Redemption Date.
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Date(s) of Payment of Interest
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YEARLY
11/03/2019 To 11/03/2021
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Actual/Deemed Date of allotment
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20/11/2018
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Date of Redemption
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11/03/2021
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Put / Call option
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NA
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The trading members may also note as under:
a) The aforesaid securities of the company will be traded only in dematerialized form under the ISIN Number as mentioned above.
b) The trading shall take place in standard denomination of Rs.10 Lakhs
c) The tick size for the securities is 1 paise
The Registrars and transfer agent is:
Integrated Registry Management Services Pvt Ltd
2nd Floor, "Kences Towers"
No. 1 Ramakrishna Street,
North Usman Road
T Nagar, Chennai - 600 017
In case the trading members require any clarification, they may please contact Ms. Rupal Khandelwal on 22728352/8597/8995.
Bhushan Mokashi
Additional General Manager
November 30, 2018 |