IFCI Infrastructure bonds: Financial Year 2011 – 2012

Oct 16, 2011     Posted under: Investment






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IFCI TAX SAVING LONG TERM INFRASTRUCTURE BONDS–SERIES III

PRIVATE PLACEMENT
IssuerIFCI Limited (“the Issuer”)
Offering2,00,000 Nos. Unsecured, Redeemable, Non-Convertible Bonds Series – III of Rs. 5,000/- each aggregating to Rs.100 crore with a green-shoe option to retain over-subscription.
TypePrivate Placement basis
InstrumentUnsecured, Redeemable, Non-Convertible Long Term Infrastructure Bonds – Series III, having benefits under section 80 CCF of the Income Tax Act, 1961 for investment upto Rs. 20,000/-
Eligible InvestorsResident Indian Individuals (Major) and HUFs through Karta of the HUF
Rating‘BWR AA-‘ by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by ICRA Limited
Face ValueRs. 5,000/- per bond
Minimum ApplicationRs. 5,000/- (i.e. 1 Bond)
Application in multiples ofRs. 5,000/- (i.e. 1 Bond)
Options for Subscription
IIIIIIIV
Frequency of Interest Payment
CumulativeAnnualCumulativeAnnual
Coupon (% p.a.)
8.50 % p.a.
(Annual compounding)
8.50 % p.a.8.75 % p.a.
(Annual compounding)
8.75% p.a.
Tenor
10 (Ten) years10 (Ten) years15 (Fifteen) years15 (Fifteen) years
Maturity Date
December 12, 2021December 12, 2021December 12, 2026December 12, 2026
Buyback option
YesYesYesYes
Buyback Dates
At the end of 5th and 7th years from Deemed Date of Allotment i.e. on December 12 of calendar years 2016 and 2018At the end of 7th, 10th and 12th year from Deemed date of Allotment i.e. on December 12 of calendar years 2018, 2021 and 2023
Lock-in period5 years from the deemed date of Allotment

 

For Complete Details: IFCI Ltd.

To download Application Formclick here.

To download Information Memorandumclick here.

For Collecting Bank Branches list viz: HDFC Bank- click here

NitiN Kumar Jain

Nitin works in an IT MNC professionally but blogs and owns NKJ Live. He is also the co-owner of a professional start-up ARGHAM BYTES

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