First Leasing comes with NCD

June 7, 2012   ·   0 Comments

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If you are looking for good fixed returns without taking any risks, then First Leading is for you. Interest rates for 12.10% when RBI is looking to decrease the interest rates, provides good stable interest returns to investors.

First Leasing was incorporated as the of the Country on September 10, 1973. Irani promoted the Company. They have been the chairperson of the Association of Leasing & Financial Services Companies over the last 15 years.

http://stockssavvy.comFirst Leasing Company of introduced leasing in India during September 1973, 36 years back and additionally commenced Hire in 1986 and diversified into during 1988.

First Leasing’s operations are primarily focused on . The major clients being , Johnson & Johnson, Volvo, Seimens Public Communications, ABB, ANZGrindlays, IDBI Bank, TELCO, Knoll Pharmaceuticals, Bayer among many other names.

 

How to invest in First Leasing NCD’s

You can get in touch with us in case you want to invest in First Leasing NCD’s.

 

Term Sheet: Particulars Terms
Issuer First Leasing Company of India Limited (‘the Issuer’/ ‘the Company’/ ‘the Borrower’/ ‘FLCL’)
Total Amount Up to Rs. 50 crores including option
Instrument Unsecured Redeemable Non-Convertible in the nature of Debentures
Security None
Opening Date 4th June 2012
Credit rating “BWR AA” by Brickworks & “-” by CARE
Face Value/Issue Price Rs 1,00,000/- (Rs One Lakh) per NCD
Tenor/Maturity 7 years
Coupon Rate 12.10 %p.a.
Interest Payment Frequency Annual
Put & Call Option Nil
Redemption At par, on maturity
Interest on application money At the respective coupon rate (subject to deduction of tax of source, as applicable) from the date of realization of cheque(s) / demand draft(s) up to one day prior to the Deemed Date of Allotment.
Listing On the WDM segment of BSE
Trustees SEBI approved trustee would be appointed by the issuer

 

Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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