SREI Infra mulls ₹75-cr NCD issue

SREI Infrastructure Finance Ltd is planning to raise at least ₹75 crore through a public issue of secured non-convertible redeemable debentures, with an option of retaining an oversubscription of up to another ₹75 crore, the company said in a draft prospectus filed with SEBI. The NCDs would have maturity periods of three and five years. The face value of the NCDs would be ₹1,000. The NCDs are rated AA— (Double A Minus) by CARE. The coupon and the subscription date for the issue have not yet been decided. ICICI Securities, AK Capital Services, SPA Capital Advisors and AXIS Trustee Services Ltd are the lead managers for the issue.