NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : WHOLESALE DEBT MARKET Download Ref. No: NSE/WDM/24557
Date : September 26, 2013
Circular Ref. No. : 674/2013 Dear Trading Members and Participants, Sub: Two Non-convertible Redeemable Debenture of Citicorp Finance (India) Limited Two Nifty Linked Bonds maturing in 2015 issued by Citicorp Finance (India) Private Limited, has been made available for trading on the WDM segment of the Exchange w.e.f. September 26, 2013 under the category of zero coupon bond. The detail of these bonds are enclosed in Annexure I. The total consideration and yield displayed on the trading system shall be indicative and derived from existing interest rate displayed in the coupon rate field. Trading Members and Participants are advised to refer to the detailed offer document by the company available at http://www.nseindia.com/corporates/offerdocument/recent_issue.htm on Exchange website > Citicorp Finance (India) Private Limited > Shelf Offer Document dated September 06, 2013 for Series- 495 and Shelf Offer Document dated September 12, 2013 for Series- 497 prior to executing any trade in these securities.
For and on behalf of National Stock Exchange of India Ltd. Suprabhat Lala Vice President
Toll free number
Fax No
Email id
1800 2200 53
+91-22-26598286/90
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Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Annexure I Sr.-495 Security Description
Citicorp Finance Nifty Linked RESET 2015 (Sr-495)
Sec Type
DC
Security Issue Date of Allotment Date of Redemption Issue Size (Rs. in lakhs) ISIN Face Value of each Debenture (in Rs.) Issue Price of each Debenture (in Rs.)
CITI15Y RESET 13-Sep-2013 13-Oct-2015
Rating
“PP-MLD [ICRA]AA+ (Stable)” rating assigned by ICRA as of August 22, 2013
Interest Period
The period, starting from the Deemed Date of Allotment to (i) the Redemption and Maturity Date (inclusive of both days) or (ii) the Call Option Exercise Date (inclusive of both days). No interest shall be payable between the Call Option Start Date and the date on which the Debentures are redeemed pursuant to the Call Option of the Issuer on the Call Option Exercise Date. If the Call Option is not exercised by the Issuer no interest shall be paid for the 30 calendar days prior to and including the Redemption and Maturity Date (inclusive of both days).
305 INE136E07QA9 1,00,000/1,00,000/-
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Reference Index Linked Return payable on Redemption Date and paid with the Redemption Amount:
Interest Payment Date
Call Option
The Reference Index Linked Return means only the interest due and payable on the Debentures and calculated as per the following: Reference Index Linked Return = Debenture Face Value* Reference Index Return Factor Reference Index Return Factor shall mean: A) If the Trigger Condition is satisfied, then the Reference Index Return Factor for the period between – a. The Deemed Date of Allotment and Call Option Start Date (inclusive of both days) shall be 10%. [The annualised interest payable on the Debentures on a simple interest basis may be computed by dividing the sum arrived at above by (Actual Days1/365)] b. One day after the Call Option Start Date and the (i) Call Option Exercise Date (if exercised) or (ii) Redemption and Maturity Date (inclusive of both days) shall be = 11.5% p.a. (simple interest) * Actual Days2/365 B) If the Trigger Condition is not satisfied, then the Reference Index Return Factor for the period between – a. the Deemed Date of Allotment and Call Option Start Date (inclusive of both days) shall be = Max[8.5%, 65% * {(Observation Value of the Reference Index / Start Reference Index Level) – 100%}] [The annualised interest payable on the Debentures on a simple interest basis may be computed by dividing the sum arrived at as per the formula provided above by (Actual Days1/365)] b. One day after the Call Option Start Date and the (i) Call Option Exercise Date (if exercised) or (ii) Redemption and Maturity Date (inclusive of both days) shall be = 11.5% p.a. (simple interest) * Actual Days2/365 Trigger Condition shall be satisfied if the Official Closing Level of Reference Index on any Observation Date from October 31, 2013 is at or above 125% Start Reference Index Level Observation Value of the Reference Index shall mean 1/3 * [Sum of Official Closing Level of Reference Index on (July 31, 2014, August 28, 2014, September 25, 2014)] Actual Days1 shall mean number of calendar days between Deemed Date of Allotment and the Call Option Start Date (inclusive of both days). Actual Days2 shall mean number of calendar days between one day after the Call Option Start Date and the Call Option Exercise Date or the day falling 30 days before the Redemption & Maturity Date (as the case may be)(inclusive of both days). Please note that no interest shall be payable between the Call Option Exercise Date and the date on which the Debentures are redeemed pursuant to the Call Option of the Issuer. If the Call Option is not exercised by the Issuer no interest shall be paid for the 30 calendar days prior to and including the Redemption and Maturity Date On the Redemption and Maturity Date or such prior date on which the Debenture is redeemed pursuant to the exercise of the Call Option subject to Business Day Convention The Issuer will have the option, to elect a Call Option Exercise Date and for the Debentures to be redeemed in full, on the Business Day falling 30 days after the Call Option Date
Call Option Start Date
September 26, 2014
Call Option Exercise Date
The Issuer may, (with one Business Day’s prior written notice) elect any Business Day between Call Option Start Date and 31 days prior to the Redemption and Maturity Date (inclusive of both days), to be the Call Option Exercise Date.
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Scheduled Valuation Date Valuation Agency
Option to retain oversubscription (Amount)
Put Option (Redemption at the Option of the Debenture Holders) Put Option Date Put Option Price Put Notification Time
One Business Day prior to the Redemption and Maturity Date or one Business Day prior to the date on which the Debenture is redeemed pursuant to exercise of the Call Option by the Issuer, subject to Business Day Convention ICRA Limited The Valuation Agency will publish a valuation on its website at least once every calendar week. The valuation shall be available on the website of the Valuation Agency at www.icra.in The Issuer will also make available, as soon as practicable, the valuation provided by the Valuation Agency on the website of the Issuer at www.citicorpfinance.co.in The cost of valuation shall be in the range of 0.05% p.a. to 0.15% p.a. and shall be borne by the Issuer The latest and historical valuations for the Debentures will be published on the website of the Issuer at www.icra.in and on the website of the Valuation Private and confidential (Not for public circulation) Page 8 of 86 Agency at www.citicorpfinance.co.in Upon request by any Debenture Holder for the valuation of the Debentures, the Issuer shall provide them with the latest valuation Yes. Upto an amount of Rs. 50,05,00,000/- (Rupees Fifty Crores and Five Lakhs Only)
Not Applicable
Sr.-497 Security Description
Citicorp Finance Nifty Linked RESET 2015 (Sr-497)
Sec Type
DC
Security Issue Date of Allotment Date of Redemption Issue Size (Rs. in lakhs) ISIN Face Value of each Debenture (in Rs.) Issue Price of each Debenture (in Rs.)
CITI15Z RESET 17-Sep-2013 17-Oct-2015
Rating
“PP-MLD [ICRA]AA+ (Stable)” rating assigned by ICRA as of August 22, 2013
Interest Period
The period, starting from the Deemed Date of Allotment to (i) the Redemption and Maturity Date (inclusive of both days) or (ii) the Call Option Exercise Date (inclusive of both days). No interest shall be payable between the Call Option Start Date and the date on which the Debentures are redeemed pursuant to the Call Option of the Issuer on the Call Option Exercise Date. If the Call Option is not exercised by the Issuer no interest shall be paid for the 30 calendar days prior to and including the Redemption and Maturity Date (inclusive of both days).
1105 INE136E07QB7 1,00,000/1,00,000/-
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Reference Index Linked Return payable on Redemption Date and paid with the Redemption Amount:
Interest Payment Date
Call Option
Call Option Start Date
The Reference Index Linked Return means only the interest due and payable on the Debentures and calculated as per the following: Reference Index Linked Return = Debenture Face Value * Reference Index Return Factor Reference Index Return Factor shall mean: A) If the Trigger Condition is satisfied, then the Reference Index Return Factor for the period between – Private and confidential (Not for public circulation) Page 6 of 86 a. The Deemed Date of Allotment and Call Option Start Date (inclusive of both days) shall be 11% [The annualised interest payable on the Debentures on a simple interest basis may be computed by dividing the sum arrived at above by (Actual Days1/365)] b. One day after the Call Option Start Date and the (i) Call Option Exercise Date (if exercised) or (ii) Redemption and Maturity Date (inclusive of both days) shall be = 11.5% p.a. (simple interest) * Actual Days2/365 B) If the Trigger Condition is not satisfied, then the Reference Index Return Factor for the period between – a. the Deemed Date of Allotment and Call Option Start Date (inclusive of both days) shall be = 10% [The annualised interest payable on the Debentures on a simple interest basis may be computed by dividing the sum arrived at as per the formula provided above by (Actual Days1/365)] b. One day after the Call Option Start Date and the (i) Call Option Exercise Date (if exercised) or (ii) Redemption and Maturity Date (inclusive of both days) shall be = 11.5% p.a. (simple interest) * Actual Days2/365 Trigger Condition shall be satisfied if the Official Closing Level of Reference Index on September 25, 2014 is at or above 115% Start Reference Index Level Start Reference Index Level shall mean Official Closing Level of Reference Index on Deemed Date of Allotment Actual Days1 shall mean number of calendar days between Deemed Date of Allotment and the Call Option Start Date (inclusive of both days). Actual Days2 shall mean number of calendar days between one day after the Call Option Start Date and the Call Option Exercise Date or the day falling 30 days before the Redemption & Maturity Date (as the case may be)(inclusive of both days). Please note that no interest shall be payable between the Call Option Exercise Date and the date on which the Debentures are redeemed pursuant to the Call Option of the Issuer. If the Call Option is not exercised by the Issuer no interest shall be paid for the 30 calendar days prior to and including the Redemption and Maturity Date On the Redemption and Maturity Date or such prior date on which the Debenture is redeemed pursuant to the exercise of the Call Option subject to Business Day Convention The Issuer will have the option, to elect a Call Option Exercise Date and for the Debentures to be redeemed in full, on the Business Day falling 30 days after the Call Option Date September 26, 2014
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Call Option Exercise Date
The Issuer may, (with one Business Day’s prior written notice) elect any Business Day between Call Option Start Date and 31 days prior to the Redemption and Maturity Date (inclusive of both days), to be the Call Option Exercise Date.
Scheduled Valuation Date
One Business Day prior to the Redemption and Maturity Date or one Business Day prior to the date on which the Debenture is redeemed pursuant to exercise of the Call Option by the Issuer, subject to Business Day Convention
Valuation Agency
Option to retain oversubscription (Amount) Put Option (Redemption at the Option of the Debenture Holders) Put Option Date Put Option Price Put Notification Time
ICRA Limited The Valuation Agency will publish a valuation on its website at least once every calendar week. The valuation shall be available on the website of the Valuation Agency at www.icra.in The Issuer will also make available, as soon as practicable, the valuation provided by the Valuation Agency on the website of the Issuer at www.citicorpfinance.co.in The cost of valuation shall be in the range of 0.05% p.a. to 0.15% p.a. and shall be borne by the Issuer The latest and historical valuations for the Debentures will be published on the website of the Issuer at www.icra.in and on the website of the Valuation Agency at www.citicorpfinance.co.in Upon request by any Debenture Holder for the valuation of the Debentures, the Issuer shall provide them with the latest valuation Yes. Upto an amount of Rs. 50,05,00,000/- (Rupees Fifty Crores and Five Lakhs Only)
Not Applicable
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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