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Tuesday, December 27, 2016

RELIANCE HOME FINANCE NCDs 2017

Public Issue of RELIANCE HOME FINANCE Secured & Unsecured Non-convertible Debentures


PRODUCT NOTE

RELIANCE HOME FINANCE LIMITED

Public Issue of Secured & Unsecured Non-convertible Debentures


Issue Highlights

Issue Opens

Thursday, December 22, 2016

Issue Closes

Friday, January 6, 2017

Allotment

First Come First Serve Basis

Issue Size

Public Issue of Secured Redeemable Non-Convertible Debentures ("Secured NCD's") of Face Value of ` 1,000 each aggregating up to ` 3,000 Crores and Un-Secured Redeemable Non-Convertible Subordinated (Upper Tier II) Debentures ("Un-Secured NCDs") of Face Value Of ` 1,000 each aggregating up to ` 500 Crores, totaling up to ` 3,500 Crores  ("Shelf Limit") ("Issue").

Face Value

` 1000 per NCD

Issue Price

` 1000 per NCD

Minimum Application

10 NCDs (` 10,000) and in multiple of 1 NCD (` 1,000) thereafter

Listing

NSE / BSE

Rating

Secured NCDs: CARE AA+, BWR AA+ Outlook: Stable

Unsecured NCDs: CARE AA, BWR AA Outlook: Stable

Interest on Application Amount

8.00% p.a.

Interest on Refund Amount

5.50% p.a.

Registrar

Karvy Computershare Private Limited

Cheque Favouring

"RHFL NCD Escrow Account"

 
ALLOCATION RATIO

QIB

Corporate

HNI

Retail Individual

30%

10%

30%

30%


SPECIFIC TERMS OF EACH SERIES OF BONDS

Series

I

II

III

IV

Frequency of Interest Payment

Annual

Annual

Annual

Annual

Nature of Instrument

Secured

Secured

Secured

Un-secured

Tenor

3 Years

5 Years

10 Years

15 Years

Coupon (%) for NCD Holders in Category I & Category II

8.70%

8.90%

9.00%

9.25%*

Coupon (%) for NCD holders in Category III and Category IV

8.90%

9.05%

9.15%

9.40%*

Effective Yield (per annum) for NCD Holders in Category I & Category II

8.70%

8.90%

9.00%

9.25%

Effective Yield (per annum) for NCD Holders in Category III & Category IV

8.90%

9.05%

9.15%

9.40%


* In the event, the company does not exercise the call option, a step-up of 25 bps above coupon after 10 years from Deemed Date

of Allotment shall be payable on every subsequent coupon payment date.


  

 





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