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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.
