Monday, February 25, 2013

India Infrastructure Finance Company Limited (IIFCL Tax Free Bonds) Tranche - 2 Opens on 25 Feb 2013


We take immense pleasure in informing that you can now apply for the India Infrastructure Finance Company Limited (IIFCL Tax Free Bonds) Tranche - 2 . The issue is opening on 25th February 2013.

Sr. No.
Particulars
Rate/Date
1
Rate of Interest for 10 Years Tenure
7.36% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 6.86% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
2
Rate of Interest for 15 Years Tenure
7.52% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 7.02% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
3
Rate of Interest for 20 Years Tenure

7.58% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 7.08% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
4
Credit Rating
 CARE AAA by CARE „
„ICRA AAA by ICRA Limited „
5
Date of Opening of Issue
25th February 2013
6
Date of Closing of Issue
15th March 2013
7
Trading
Proposed BSE Ltd.(‘’BSE’’) The Designated Stock Exchange for the Issue is BSE
8
Lock in period
Nil
9
Minimum Application Size
Rs 5000 (5 Bonds) and in multiple of Rs. 1000
(1 bonds) thereafter

10
Basis of Allotment
First-come First-serve basis
  
Please note that these bonds are not eligible for deduction u/s 80CCF of Income Tax Act.


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