STRPP definition

STRPP means any of STRPP A, STRPP B, STRPP C, singly or jointly, as the context may require; ( As applicable, if there are multiple redemption dates same shall be reflected in documents as per placement memorandum )
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Examples of STRPP in a sentence

  • Listing Proposed on the Wholesale Debt Market (WDM) Segment of BSE Rating of the Instrument AA with Stable outlook by Acuite Ratings – 06.01.2023 AA with Stable outlook by Infomerics - 21.02.2023 Issue Size INR 250 crores plus green shoe option to retain over- subscription upto INR 500 crores i.e. for an aggregate issue size of INR 750 crores Minimum Subscription 5 detachable STRPP of INR 5 lakhs (5 bonds comprising 1 bond of INR 1 lakhs Face Value in each Sub-Series A to E) and in multiples thereof.

  • Each of the STRPP Sub-Series ‘A’ to Sub-Series ‘E’ would be redeemable in 4 equal quarterly instalments of 5% (INR 12.50 crore considering the base issue size) of the aggregate issue size, with redemption of Sub-Series ‘A’ commencing from the end of 21st quarter, Sub-Series ‘B’ commencing from the end of 25th quarter and so on.