Term Sheet for APSFC Series VI : Primary Issue
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Description of the Bonds
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APSFC Non SLR Bonds Series VI
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Issuer
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Andhra Pradesh State Financial Corporation (APSFC)
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Issue Size
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Rs. 160 crore with a green shoe option upto Rs. 160 crore
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Nature of Instrument
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Unsecured, Redeemable & Non Convertible Bonds in the nature of
Debentures.
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Mode of Issue
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Private Placement
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Instrument Form
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In Dematerialized Form
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Credit Rating
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BWR A+ (SO) (Outlook: Stable)
by Brickwork Ratings and IND A (SO) (exp) by India Ratings and Research
Limited.
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Government Guarantee
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Unconditional and Irrevocable guarantee from the Government of Andhra
Pradesh for repayment of principal and payment of Interest.
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Face Value
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Rs. 10,00,000/- per bond
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Tenure
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10 Years
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Call Option
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At the end of 5th year.
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Put Option
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Nil
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Redemption
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In case call option is not exercised at the end of 5th
year, the Corporation repays @ 20% on the bond value every year from the end
of 6th year onwards.
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Coupon payment
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9.15% p.a. Payable Semi-annual.
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Annualized Yield
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9.36% p.a.
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Offer opening date
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11-01-2013
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Offer Closing date
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15-02-2013
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Listing
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The Bonds issued are proposed to be listed on the Wholesale Debt
Market Segment (WDM) Segment of the Bombay Stock Exchange (BSE).
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Registrar to the Issue
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M/s. XL Softech Systems Ltd.
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Trustee to the Issue
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M/s. GDA Trusteeship Ltd., Pune to act as Agent & Trustees for
and on behalf of the holder(s) of the Bonds.
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Bankers to the Issue
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HDFC Bank
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