NATIONAL STOCK EXCHANGE OF INDIA LIMITED

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1 NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : WHOLESALE DEBT MARKET Download Ref. No.: NSE/WDM/21127 Date : June 28, 2012 Circular Ref. No. : 578/2012 Dear Trading Members and Participants, Sub: Three Non-convertible Redeemable Debenture of Credit Suisse Finance (India) Private Limited Two Nifty Linked Bonds maturing in 2013 and One Nifty Linked Bond maturing in 2014 issued by Credit Suisse Finance (India) Private Ltd., has been made available for trading on the WDM segment of the Exchange w.e.f. June 28, 2012 under the category of zero coupon bonds.the details 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 on Exchange website > Credit Suisse Finance (India) Private Ltd > Shelf Offer Document dated January 27, 2012 for Series-5, February 17, 2012 for Series-6 and April 12, 2012 for Series-7 prior to executing any trade in these securities. For and on behalf of National Stock Exchange of India Ltd. Suprabhat Lala Vice President Telephone No Fax No id /87/ /90 wdm@nse.co.in Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 1

2 Series - 5 Annexure-I Security Description Credit Suisse Nifty Linked RESET 2014 (Sr-5) Sec Type DC Security CSFI14B Issue RESET Date of Allotment 03-Feb-2012 Date of Redemption 05-May-2014 Issue Size (Rs. in lakhs) 750 ISIN INE996L07056 Face Value of each 5,00,000/- Debenture Issue Price (in of each Rs.) 5,00,000/- Debenture Total no. of (in bonds Rs.) 150 Rating PP-MLD AA+r/Stable from CRISIL vide its letter dated 24-Nov-2011 Initial Valuation Date February 03, 2012 Initial Level of the Reference Index Final Valuation Date February 03, 2014, provided that if such day: (a) is not an Exchange Business Day; or (b) is a Disrupted Day, then the Final Valuation Date shall be the next following Exchange Business Day that is not a Disrupted Day. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 2

3 Amount of Coupon to be paid (if any) will be linked to the performance of the Reference Index. The Coupon amount shall be payable on the Final Redemption Date with the Redemption Amount (together, the Final Redemption Amount ) and is the only Coupon amount due and payable on the Debentures and shall be calculated as per the following formulae (each a Formula ): Principal Amount * Min [CapLevel, (PR * Aggregate Performance)] Interest rate coupon basis ( Coupon ) Where, 8 Aggregate Performance = Individual Performance [k] k=0 Individual Performance [k] = For k = 0, 1, 2 up to 8 [ 1 / 9 ] * Max [0, (Final Level / Monthly Level [k]) -1] Monthly Level [k] means the Official Closing Level of the Reference Index on each Monthly Level Fixing Date, as determined by the Calculation Agent; Final Level means the Official Closing Level of the Reference Index on the Final Valuation Date, as determined by the Calculation Agent PR shall be in the range of 100% to 105% (to be confirmed in the Allotment Advice to be sent to successful Prospective Investors); CapLevel : 45% Each of the Monthly Level Fixing Dates Observation Dates Where, Monthly Level Fixing Dates means, subject to the consequences of a Disrupted Day, the same calendar day of each month starting from and including the Initial Valuation Date (provided if such day is not an Exchange Business Day, the next following Exchange Business Day) up to and including the day falling eight (8) months from the Initial Valuation Date. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 3

4 At the request of a Debenture Holder, the Issuer may in its sole discretion and without any obligation whatsoever to do so, arrange for the buy back of all or a portion of the Debentures held by such Debenture Holder (in the Issuer s discretion) on such date as determined by the Issuer in its sole discretion ( Premature Exit Date ). Such Premature Exit shall occur at a price: (a) which shall be calculated by the Calculation Agent and shall take into consideration the market value of the Debentures and all associated costs incurred by the Issuer (including costs of unwinding any hedge); and (b) the price computed under (a) above shall be further reduced by an amount to be determined by the Issuer at its sole discretion but not exceeding 10% of such price computed under (a) above. Premature Exit A request for Premature Exit by Debenture Holder shall not be considered if made within one (1) month from the Issue Date. Debenture Holders who elect to sell any Debentures back to the Issuer may not receive 100% of the Face Value. The Debentures are not intended to be short term trading instruments, and investors should be prepared to hold their Debentures until the Final Redemption Date. There is no assurance that the Issuer will buy back the Debentures. The price, if any, at which the Issuer buys back before the Final Redemption Date will be affected by many factors including, but not limited to, the complexity and/or volatility (as the case may be) associated with the basis of reference (being the Reference Index) applicable to the Debentures, the time remaining to maturity of the Debentures, the number of Debentures outstanding, the performance of the Reference Index, Coupon and credit spreads, etc. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 4

5 The Company has appointed CRISIL Limited a third party valuation agency. Valuation Agency The latest and historical valuations of the debentures are made available on website Valuation Agency (where the valuation of the Debentures will be available) is Issuer s website address is onal/structured_notes.jsp. Upon request by any Debenture Holder for the valuation of the Debentures, the Issuer shall provide them with the latest valuation Series - 6 Security Description Credit Suisse Nifty Linked RESET 2013 (Sr-6) Sec Type DC Security CSFI13A Issue RESET Date of Allotment 24-Feb-2012 Date of Redemption 24-Jun-2013 Issue Size (Rs. in lakhs) 435 ISIN INE996L07064 Face Value of each 5,00,000/- Debenture Issue Price (in of each Rs.) 5,00,000/- Debenture Total no. of (in bonds Rs.) 87 Rating PP-MLD AA+r/Stable from CRISIL vide its letter dated 24-Nov-2011 Initial Valuation Date February 24, 2012 Initial Level of Reference Index March 25, 2013, provided that if such day: Final Valuation Date (a) is not an Exchange Business Day; or (b) is a Disrupted Day, then the Final Valuation Date shall be the next following Exchange Business Day that is not a Disrupted Day. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 5

6 Amount of Coupon to be paid (if any) will be linked to the performance of the Reference Index. The Coupon amount shall be payable on the Final Redemption Date with the Redemption Amount (together, the Final Redemption Amount ) and is the only Coupon amount due and payable on the Debentures and shall be calculated as per the following formulae (each a Formula ): (A) If the Barrier Event has not occurred then the Coupon amount shall be : Principal Amount * PR * Max [0, (Final Level / Initial Level -1)]; OR (B) If the Barrier Event has occurred then the Coupon amount shall be : Principal Amount * 15% (11.05% on an annual compounded basis); Where, Barrier Event shall have occurred if the Official Closing Level of the Reference Index on any Barrier Event Observation Date is greater than the Barrier Level; Interest rate Coupon basis ( Coupon ) Barrier Level shall be 120% of the Initial Valuation Level, i.e * Initial Valuation Level. The actual Barrier Level shall be as set out in the Allotment Advice to be sent to successful Prospective Investors; 3 Final Level means (1/3) * Index (J); J=1 Index (J) means the Official Closing Level of the Reference Index on each Performance Observation Date, as determined by the Calculation Agent; 3 Initial Level means (1/3) * Index (K); K=1 Index (K) means the Official Closing Level of the Reference Index on each Initial Observation Date, as determined by the Calculation Agent; Initial Valuation Level means the Official Closing Level of the Reference Index on the Initial Valuation Date, as determined by the Calculation Agent; and PR shall be in the range of 185% to 190% (to be confirmed in the Allotment Advice to be sent to successful Prospective Investors); Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 6

7 Each of the Barrier Event Observation Dates, the Initial Observation Dates and the Performance Observation Dates Where, Barrier Event Observation Dates means, subject to the consequences of a Disrupted Day, the same calendar day of each month starting from and including the day falling ten (10) months from the Initial Valuation Date (provided if such day is not an Exchange Business Day, the next following Exchange Business Day) up to and including the Final Valuation Date. Initial Observation Dates means, subject to the consequences of a Disrupted Day: Observation Dates (i) the Initial Valuation Date; (ii) the day falling one (1) calendar month from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day; and (iii) the day falling two (2) calendar month from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day Performance Observation Dates means, subject to the consequences of a Disrupted Day: (i) (ii) the day falling eleven (11) calendar months from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day; the day falling twelve (12) calendar months from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day; and (iii) the Final Valuation Date. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 7

8 The Company has appointed CRISIL Limited a third party valuation agency. Valuation Agency The latest and historical valuations of the debentures are made available on website Valuation Agency (where the valuation of the Debentures will be available) is Issuer s website address is onal/structured_notes.jsp. Upon request by any Debenture Holder for the valuation of the Debentures, the Issuer shall provide them with the latest valuation At the request of a Debenture Holder, the Issuer may in its sole discretion and without any obligation whatsoever to do so, arrange for the buy back of all or a portion of the Debentures held by such Debenture Holder (in the Issuer s discretion) on such date as determined by the Issuer in its sole discretion ( Premature Exit Date ). Such Premature Exit shall occur at a price: (a) which shall be calculated by the Calculation Agent and shall take into consideration the market value of the Debentures and all associated costs incurred by the Issuer (including costs of unwinding any hedge); and Premature Exit (b) the price computed under (a) above shall be further reduced by an amount to be determined by the Issuer at its sole discretion but not exceeding 10% of such price computed under (a) above. A request for Premature Exit by Debenture Holder shall not be considered if made within one (1) month from the Issue Date. Debenture Holders who elect to sell any Debentures back to the Issuer may not receive 100% of the Face Value. The Debentures are not intended to be short term trading instruments, and investors should be prepared to hold their Debentures until the Final Redemption Date. There is no assurance that the Issuer will buy back the Debentures. The price, if any, at which the Issuer buys back before the Final Redemption Date will be affected by many factors including, but not limited to, the complexity and/or volatility (as the case may be) associated with the basis of reference (being the Reference Index) applicable to the Debentures, the time remaining to maturity of the Debentures, the number of Debentures outstanding, the performance of the Reference Index, Coupon and credit spreads, etc. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 8

9 Series - 7 Security Description Credit Suisse Nifty Linked RESET 2013 (Sr-7) Sec Type DC Security CSFI13B Issue RESET Date of Allotment 17-Apr-2012 Date of Redemption 19-Aug-2013 Issue Size (Rs. in lakhs) 450 ISIN INE996L07072 Face Value of each 5,00,000/- Debenture Issue Price (in of each Rs.) 5,00,000/- Debenture Total no. of (in bonds Rs.) 90 Rating PP-MLD AA+r/Stable from CRISIL vide its letter dated 24-Nov-2011 Initial Valuation Date April 17, 2012 Initial Level of reference index May 17, 2013, provided that if such day: Final Valuation Date (a) is not an Exchange Business Day; or (b) is a Disrupted Day, then the Final Valuation Date shall be the next following Exchange Business Day that is not a Disrupted Day. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 9

10 Amount of Coupon to be paid (if any) will be linked to the performance of the Reference Index. The Coupon amount shall be payable on the Final Redemption Date with the Redemption Amount (together, the Final Redemption Amount ) and is the only Coupon amount due and payable on the Debentures and shall be calculated as per the following formulae (each a Formula ): (A) If the Barrier Event has not occurred then the Coupon amount shall be : Principal Amount * PR * Max [0, (Final Level / Initial Level -1)]; OR (B) If the Barrier Event has occurred then the Coupon amount shall be : Principal Amount * 18% (13.22% on an annual compounded basis); Interest rate Coupon basis ( Coupon ) Where, Barrier Event shall have occurred if the Official Closing Level of the Reference Index on any Barrier Event Observation Date is greater than the Barrier Level; Barrier Level shall be 120% of the Initial Valuation Level, i.e * Initial Valuation Level. The actual Barrier Level shall be as set out in the Allotment Advice to be sent to successful Prospective Investors; 3 Final Level means (1/3) * Index (J); J=1 Index (J) means the Official Closing Level of the Reference Index on each Performance Observation Date, as determined by the Calculation Agent; 3 Initial Level means (1/3) * Index (K); K=1 Index (K) means the Official Closing Level of the Reference Index on each Initial Observation Date, as determined by the Calculation Agent; Initial Valuation Level means the Official Closing Level of the Reference Index on the Initial Valuation Date, as determined by the Calculation Agent; and PR shall be in the range of 165% to 170% (to be confirmed in the Allotment Advice to be sent to successful Prospective Investors); Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 10

11 Each of the Barrier Event Observation Dates, the Initial Observation Dates and the Performance Observation Dates Where, Barrier Event Observation Dates means, subject to the consequences of a Disrupted Day, the same calendar day of each month starting from and including the day falling ten (10) months from the Initial Valuation Date (provided if such day is not an Exchange Business Day, the next following Exchange Business Day) up to and including the Final Valuation Date. Initial Observation Dates means, subject to the consequences of a Disrupted Day: Observation Dates (i) the Initial Valuation Date; (ii) the day falling one (1) calendar month from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day; and (iii) the day falling two (2) calendar month from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day Performance Observation Dates means, subject to the consequences of a Disrupted Day: (i) the day falling eleven (11) calendar months from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day; (ii) the day falling twelve (12) calendar months from the Initial Valuation Date provided if such day is not an Exchange Business Day, the immediately following Exchange Business Day; and (iii) the Final Valuation Date. The Company has appointed CRISIL Limited a third party valuation agency. Valuation Agency The latest and historical valuations of the debentures are made available on website Valuation Agency (where the valuation of the Debentures will be available) is Issuer s website address is onal/structured_notes.jsp. Upon request by any Debenture Holder for the valuation of thedebentures, the Issuer shall provide them with the latest valuation Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 11

12 At the request of a Debenture Holder, the Issuer may in its sole discretion and without any obligation whatsoever to do so, arrange for the buy back of all or a portion of the Debentures held by such Debenture Holder (in the Issuer s discretion) on such date as determined by the Issuer in its sole discretion ( Premature Exit Date ). Such Premature Exit shall occur at a price: Premature Exit (a) which shall be calculated by the Calculation Agent and shall take into consideration the market value of the Debentures and all associated costs incurred by the Issuer (including costs of unwinding any hedge); and (b) the price computed under (a) above shall be further reduced by an amount to be determined by the Issuer at its sole discretion but not exceeding 10% of such price computed under (a) above. A request for Premature Exit by Debenture Holder shall not be considered if made within one (1) month from the Issue Date. Debenture Holders who elect to sell any Debentures back to the Issuer may not receive 100% of the Face Value. The Debentures are not intended to be short term trading instruments, and investors should be prepared to hold their Debentures until the Final Redemption Date. There is no assurance that the Issuer will buy back the Debentures. The price, if any, at which the Issuer buys back before the Final Redemption Date will be affected by many factors including, but not limited to, the complexity and/or volatility (as the case may be) associated with the basis of reference (being the Reference Index) applicable to the Debentures, the time remaining to maturity of the Debentures, the number of Debentures outstanding, the performance of the Reference Index, Coupon and credit spreads, etc. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai Page 12

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED PUBLIC ISSUE SECURED NON-CONVERTIBLE DEBENTURES 2013

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED PUBLIC ISSUE SECURED NON-CONVERTIBLE DEBENTURES 2013 Series II III V ISIN Code INE721A07FV5 INE721A07FW3 INE721A07FY9 Frequency of Interest Payment Credit Rating