Reliance Home Finance Ltd is coming out with a public issue
of secured redeemable non-convertible debentures (secured NCDs) of face value
of Rs1, 000 each aggregating up to Rs3, 000 crore and unsecured redeemable non-convertible
subordinated (upper tier II) debentures (unsecured NCDs) of face value of Rs1,
000 each, aggregating up to Rs500 crore, totalling up to Rs3,500 crore (shelf
limit; issue).
Reliance Home Finance Ltd is a non-deposit taking housing
finance company registered with the National
Housing Board (NHB). Reliance Home
Finance Ltd is a 100% subsidiary of Reliance Capital Ltd, the
financial
services company of the Anil Ambani-led Reliance Group.
The issue opens on December 22, 2016 and closes on January 6,
2017.
The allotment will be on a first come first serve basis.
Salient features of the NCD issue:
The issue offers annual yields ranging from 8.70% to 9.40%,
depending on the category of investor and the option applied for
Secured NCDs rated AA+ by CARE and BWR; Unsecured NCDs rate
AA by CARE and BWR
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