Untitled - National Highways Authority of India

More documents

Recommendations

Info

$Page 1 of 24 Welcome to NHAI 9/6/2002 file://C:\site24\loccorr.htm$

PART II: CONFIDENTIAL MEMORANDUM OF PRIVATE PLACEMENT AUTHORITY FOR THE PRIVATE PLACEMENT I TERMS MINIMUM AND NUMBER MODE OF OF BONDS PAYMENT , TAXATION FORM BONDS LETTER INTEREST PAYMENT & IN DENOMINATION OF PROCEDURE OF DEMATERIALIZED ON ALLOTMENT REDEMPTION APPLICATION AND MONEY FORM BOND/ TABLE OF CONTENTS Page No. Page No. DISCLAIMER 2 Force Majeure 2 DEFINITIONS 3 PART I : PRIVATE PLACEMENT STRUCTURE DEBENTURE CERTIFICATE 9 ISSUE OF DUPLICATE BOND CERTIFICATES 10 OTHER FEATURES 10 AGENTS AND TRUSTEES 10 RIGHT TO ACCEPT OR REJECT OBJECTS DETAllSOFTHE PRIVATE CREDIT AllOTMENT PRESENT RATING PLACEMENT OF PRIVATE OF THE BONDS INSTRUMENT PRIVATE PLACEMENT PROGRAMME """"""""""""""."'" PLACEMENT WHO NATURE LISTING DOCUMENTS CAN OFTHE APPLY TO INSTRUMENT BE PROVIDED BY .4 , 4,. 4 , 4 .5 .5 ,. 5,. 5 , 5 ANY APPLICATION 10 HOW TO APPLY 10 FURTHER BORROWINGS 10 MODE OF TRANSFER 11 SUCCESSION 11 RIGHTS OF THE BONDHOLDERS 11 MODIFICATION OF RIGHTS 11 NOTICE 11 APPLICATION UNDER POWER OF ATTORNEY.. 12 GOVERNING LAW 12 INVESTORS REGISTRARS 5 6 7, , 7 7 7 7 , .88 ' 9 PART III: PROFILE OF NHAI SHARE INTRODUCTION HOLDING PATTERN , MANAGEMENT : PROJECTS BEING UNDERTAKEN BY NHAI .. PAST FINANCIAL PERFORMANCE OFTHEAUTHORITY , BORROWING POWERS OF THE AUTHORITY PART IV COLLECTION APPLICATION CREDIT INSTRUCTIONS RATING CENTRES FORM FOR LETTER INVESTORS 13 13 13 14 14 14 15 17 19 20
DISCLAIMER This Memorandum of Private Placement/Information Memorandum is neither a prospectus nor a statement in lieu of Prospectus. It does not constitute an offer or an invitation to the public in general to subscribe to the Bonds issued by National Highways Authority of India (NHAI). Apart from this Information Memorandum, no offer document or prospectus has been prepared in connection with the offering of this Bonds issue or in relation to the issuer nor is such an Information Memorandum required to be registered under the applicable laws. This Information Memorandum is not intended to form the basis of evaluation for the potential investors to whom it is addressed and who are willing and eligible to subscribe to these Bonds issued by NHAI. This information Memorandum has been prepared to give general information regarding NHAI to parties proposing to invest in this issue of Bonds and it does not purport to contain all the information that any such party may require. NHAI believes that the information contained in this Information Memorandum is accurate in all respects as of the date hereof. NHAI does not undertake to update this Information Memorandum to reflect subsequent events and thus it should not be relied upon without first confirming its accuracy with NHAI. Potential investors are required to make their own independent evaluation and judgment before making the investment and are believed to be experienced in investing in debt markets and are able to bear the economic risk of investing in Bonds. It is the responsibility of potential investors to have obtasined all consents, approvals or authorizations required by them to make an offer to subscribe for, and purchase the Bonds. Potential investors should not rely solely on information in the Information Memorandum or by the said Arranger/s be construed as advice of recommendation by the Issuer or by the Arranger to subscribe to and purchase the Bonds. The potential investors also acknowledge that the Arranger/s does not owe the investors any duty of care in respect of this offer to subscribe for an purchase of the Bonds. It is the responsibility of potential investors to also ensure that they will sell these Bonds in strict accordance with this Information Memorandum and other applicable laws, and that the sale does not constitute an offer to the public, within the meaning of the Companies Act, 1956. Potential investors should also consult their own tax advisors on the tax implications of the acquisitions, ownership, sale and redemption of these Bonds and income arising thereon. This Information Memorandum is not intended for distribution. It is meant for the consideration of the person to whom it is addressed and should not be reproduced by the recipient. The securities mentioned herein are being issued on a private placement basis and this offer does not constitute a public offer/invitation. FORCE MAJEURE NHAI reserves the right to withdraw the Issue prior to the closing date in the event of any unforessen development adversely affecting the economic and regulatory environment. In such an event, the issuer will refund the application money, if any, alongwith interest payable on such application money, if any. This Information Memorandum is issued by NHAI and is signed by its authorized signatory. Sd/ Date: 1 st September, 2005
Page 4 and 5: DEFINITIONS The Authority / Issuer
Page 6 and 7: PRIVATE PLACEMENT PROGRAMME The Pri
Page 8 and 9: PART II CONFIDENTIAL MEMORANDUM OF
Page 10 and 11: as the cost of acquisition of the l
Page 12 and 13: such ranking as may be decided by t
Page 14 and 15: PART III PROFILE OF NATIONAL HIGHWA
Page 18 and 19: For any investor queries, following

Untitled - National Highways Authority of India

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?