Free Press Journal

Srei Infrastructures public issue

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BHOPAL: Srei Infrastructure Finance Limited ( SIFL) has announced a Public Issue of ” Long Term Infrastructure Bonds” with a face value of Rs 1000 each in the form of Secured Redeemable Non- Convertible Debentures, to be issued in one or more tra

nches not exceeding Rs 500 crores for the Fiscal 2011- 12 having benefits under Section 80 CCF of the Income Tax Act, 1961.

The first tranche of the Bonds issue will open for subscription on December 31 and close on January 31 or earlier, as may be decided by the Board of the Company.

The Bonds issued under Prospectus Tranche – I would be for an amount not exceeding Rs. 300 crores and are proposed to be listed on the BSE Limited The Bonds proposed to be issued have been rated alt39 CARE AAalt39 by CARE. The rating of the Bonds by CARE indicates high degree of safety with regards to timely servicing of financial obligations.