Srei Equipment Finance to raise Rs 5,000 cr

Will be done during the first six months of the next financial year through issue of private placement

Srei Equipment Finance is planning to raise up to Rs 5,000 crore during the first six months of the next financial year, through issue of private placement of secured and/or unsecured redeemable non-convertible debentures.

The company told the exchanges the board will meet on Tuesday to consider giving a general authority for the issuance.  “The demand for funds from infrastructure projects is seen to emerge in FY16 to stay prepared. The shift to non-bank retail and wholesale investors is to bridge a win-win preposition to achieve demand-supply equilibrium; while investors will get relatively higher return on long-term bonds, it is cost efficient for us on matched maturity basis,” said  J Moses Harding, Group CEO, liability and treasury management, Srei Infrastructure Finance.