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Reliance Home Finance NCD (RHFL NCD) Details

Reliance Home Finance NCD (RHFL NCD) Details:

Reliance Home Finance (RHFL) has filed Draft Shelf Prospectus (DSP) on November 15, 2016. It will be a public issue by Reliance Home Finance (RHFL) of secured redeemable non-convertible debentures (NCDs) and unsecured redeemable non-convertible debentures (NCDs) of face value Of Rs 1,000/- each.

Base issue will be of up to Rs 10,000 Million with an option to retain over-subscription up to Rs 35,000 Million for issuance of Ncds.

Objects of the Reliance Home Finance NCD (RHFL NCD) Issue:

  1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of existing borrowings of the Company.
  2. General corporate purposes.

Reliance Home Finance NCD (RHFL NCD) details:

  1. Issue Open: Thursday, 22nd December 2016 – Friday, 6th January 2017
  2. Issue Type: 100% Book Built Issue (First Come First Serve).
  3. Face Value: Rs. 1000 Per NCD.
  4. Minimum Order Quantity: 10 NCDs and in multiple of 1 NCD thereon.
  5. Issue Size: Rs 3,500 Crore.
  6. Listing At: NSE, BSE.
CategoryPortionAllotment BasisSize (%)
QIBs  (I)Institutional“First Come First Serve” basis30% of the overall issue size
Corporates (II)Non-Institutional“First Come First Serve” basis10% of the overall issue size
Resident Individuals, HUFs,>10 Lacs (III)HNI“First Come First Serve” basis30% of the overall issue size
Resident Individuals, HUFs,<=10 Lacs (IV)Retail“First Come First Serve” basis30% of the overall issue size

Interest Rate and Time Period: The NCDs will offer yield in the range of 8.7-9.40 per cent per annum. These carry the options of 3, 5 and 10 and 15 years of tenure for bonds.

Credit Rating: The NCDs proposed to be issued under this Issue have been rated CARE AA+ (Double A Plus) for an amount of Rs 3,00,000 Lakh, by Credit Analysis & Research Ltd. (CARE). It has also got rating of BWR AA+ with stable outlook an amount of Rs 3,00,000 Lakh, by Brickwork Ratings India Private Limited (Brickwork).

Yes Securities (India) Limited, Edelweiss Financial Services Limited, A. K. Capital Services Limited, Axis Bank Limited, and Trust Investment Advisors Private Limited will be the lead manager of the issue. While IDBI Trusteeship Services Limited will be the Debenture Trustee of the issue.

Karvy Computershare Pvt Ltd will be the registrar of the issue.

Reliance Home Finance NCD (RHFL NCD) Draft Shelf Prospectus :

Reliance Home Finance NCD (RHFL NCD) Prospectus

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