Srei Infra plans to raise Rs. 600 cr in FY15.

Srei Infrastructure Finance plans to raise Rs. 600 crore in FY15 through retail bonds. The first issue will hit the market on Friday. In the first round, bonds will be raised for up to Rs. 75 crore with an option to retain over-subscription up to Rs. 75 crore.

'We would plan to raise a minimum of Rs. 600 crore this financial year (FY15) in four tranches, similar to what was done in the last financial year. The objective is to reach out the Srei brand into the retail segment, broaden the investor/lender base and de-risk concentration from bank funding,' said Moses Harding, group chief executive officer (liability and treasury management) and chief economist of Srei Infrastructure Finance.

According to the investors’ presentation, 60 per cent of the overall issue size is reserved for retail investors and the remaining is for institutional and non-institutional investors.

BS