SREI Infra to raise Rs 17,500 cr in debt next fiscal

SREI Infrastructure Finance today said its board on February 11 will consider a proposal to raise Rs 17,500 crore through issuances of securities, including bonds and commercial papers, next financial year.
"A meeting of the Board of Directors of the Company will be held on February 11, 2016, to approve... (proposal) for issuance of securities," the company said in a BSE filing.
According to the proposal, the company will raise money through public issue of secured redeemable non-convertible debentures (NCDs) aggregating up to Rs 2,500 crore in one or more tranches during 2016-17.
It is also proposed to issue secured and/or unsecured redeemable non-convertible debentures (including Bonds) aggregating up to Rs 10,000 crores outstanding at any point of time during 2016-17 on private placement basis.

The proposal also provides for issuance of commercial papers aggregating up to Rs 5,000 crores outstanding at any point of time during 2016-17 on private placement basis.