| 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" |
| QIB | Corporate | HNI | Retail Individual |
| 30% | 10% | 30% | 30% |
| 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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