Shriram City Union Finance Ltd NCD (Shriram City Union NCD) Detail, Issue Opens on 12th Sep and closes on 26th Sep, Issue size, Rating by CRISIL and CARE

Shriram City Union Finance Ltd NCD (Shriram City Union NCD) Detail, Issue Opens on 12th Sep and closes on 26th Sep, Issue size, Rating by CRISIL and CARE



Incorporated in 1986, Shriram City Union Finance (SHRIRAMCity) is engaged in the business of financing for Two wheelers, Three wheelers, Four wheeles, Personal loans, Small business loans, and Loan against gold.

Issue Detail:

  »»  Issue Open: Sep 12, 2012 - Sep 26, 2012
  »»  Issue Type: Fixed Price Issue NCD
  »»  Issue Size: 5,000,000 NCD's of Rs. 1000
  »»  Issue Size: Rs. 500.00 Crore
  »»  Face Value: Rs. 1000 Per NCD
  »»  Issue Price: Rs. 1000 Per NCD
  »»  Market Lot:
  »»  Minimum Order Quantity:
  »»  Listing At: BSE, NSE

The NCDs proposed to be issued have been rated "CARE AA" by CARE for an amount of up to Rs 500 crore, and "CRISIL AA-/Stable" by CRISIL for an amount of up to Rs 500 crore. The ratings of the NCD indicate high degree of safety regarding timely servicing of financial obligations and carrying very low credit risk.

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