Private Placement of Bonds

SPA ventured into the activity in the financial year 2003-2004 and has been able to compete a place in leading top 10 merchant bankers registered with S.E.B.I. Syndicated volumes SPA has been able to derive in this core activity averages approx INR 100 Bln since inception. (Source: PRIME Database)

Bloomberg for calendar year 2008 underwriter league table India Domestic Bonds has ranked SPA at 11th position with mobilization of INR 33 Bln.

TAXABLE BONDS : SPA has to its credit historical benchmarks set by placing syndicated long term debt instruments at low coupon rates for instance in State Government guaranteed category : seven year taxable bond issuance of INR 4.05 Bln by TNEB at coupon rate of 8% annual payment and Non guaranteed category : taxable lower tier II eight year three months bond issuance totaling INR 2 by Allahabad Bank at coupon rate of 5.90% annual payment.

INFRASTRUCTURE BONDS : SPA finds distinction of being ranked at Numero Uno position in financial year 2005-2006, 2007-2008 and 2008-2009 for its contribution in syndicating funds through infrastructure & capital gains bonds. (Source: PRIME Database)

TAX FREE BONDS : SPA holds to its credit historical low coupon tax free debt placement by successfully syndicating INR 0.5 Bln ten year instrument for HUDCO carrying annualized coupon rate of 5.15% and INR 0.42 Bln seven year instrument for CMWSSB carrying annualized coupon rate of 5.20%.

Perennial relationship and focus on quality execution by SPA team has brought laurels from being associated with across four directions of closely working with almost all scheduled commercial public and private sector banks for their Tier-I as well as Tier-II borrowing requirements like PNB, Canara Bank, Bank of Baroda, Central Bank of India, Union Bank of India, Allahabad Bank, Andhra Bank, Bank of Maharashtra, IOB, United Bank of India, UCO Bank, IOB, Axis Bank, Bank of Rajasthan etc., engagement in borrowing programs of public sector entities like SAIL, PGCIL, NHAI, NCRPB, NHDC, NTC, ITI, MECON etc., being attached as arranger to Development Financial Institutions like NABARD, REC, PFC, IDBI, SIDBI, NHB, HUDCO etc., association with the borrowing program of State undertaking’s like TNEB, CMWSSB, KSFC, APTRANSCO, APSFC, APWRDC, PSEB, HPSEB, HPIDB, KTDFC, KPUIDC, WBIDFC, WBFC etc. amongst host of highly rated private corporates and business houses.