SREI Equipment Finance NCDs: Should you subscribe?

SREI Equipment Finance (a wholly owned subsidiary of Srei Infrastructure Finance) is issuing secured Non Convertible Debentures (NCDs) with interest rates (technically called coupons) up to 10.65%. The company’s overall NCD programme as covered by the shelf prospectus is to raise an amount up to Rs1,700 crore. In this tranche however, the company is seeking to raise Rs100 crore from the issue with the option to retain another Rs400 crore in case of over-subscription. Srei Equipment Finance is an NBFC (Non Banking Finance Company) engaged in the financing of equipment used…

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The Interesting History of Agricultural Equipment Leasing

Agricultural equipment leasing is one of the most popular types of equipment leasing available today. However, not all equipment that is leased is agricultural, although it is believed to be the original type of leasing. Few people know how far back the concept actually goes. Indeed, evidence has been found that, around 2010BC in Ur, the ancient Sumerian city, priests had developed the first leasing concept – and it was one relating to agriculture! Farmers were able to lease both equipment and land, with agreements to this extent being etched…

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