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| India Infrastructure Finance Company Limited |
| Issue Period: 26 Dec 2012 to 11 Jan 2013 |
Key Benefits:- Credit Ratings: AAA by CARE, AAA (Stable) by ICRA and BRICKWORK
- Interest on these Bonds is Tax-Free, no TDS is applicable, Wealth Tax is not levied
- No lock in period and no upper limit on investment amount
- Issue Size: Rs 1,500 Crore with an option to retain oversubscription upto Rs 9,215 Crore
- Additional Coupon Rate - Category - IV Applicants - 0.50% p.a.
- IIFCL is a Government of India undertaking
Issue Structure: Issue of Tax Free Secured Redeemable Non Convertible Bonds
| Options / Series of Bonds | Series 1 | Series 2 | Series 3 | | Tenor | 10 years | 15 years | 20 years | | Coupon Rate % p.a. (Category I, II and III) | 7.19 | 7.36 | 7.40 | | Additional Coupon Rate % p.a. (Category IV) | 0.50 | 0.50 | 0.50 | | Total Coupon Rate % p.a. (Category IV) | 7.69 | 7.86 | 7.90 | | Frequency of Interest payment | Annual | Annual | Annual | | Face Value / Issue Price per Bond | Rs 1,000 | | Minimum Application | Rs 5,000 (in multiples of Rs 1,000 thereafter) | | Issuance | Physical and Demat mode | | Interest on application % p.a. | As per coupon rate applicable to investor category | | Interest on refund % p.a. | 5.0 | | Proposed to be listed on | BSE |
Basis of Allotment : On first come first serve basis
| Investor Category | I - Institutional | II - Non Institutional | III - HNI (more than 10 lacs) | IV - Retail (upto and including 10 lacs) | | Issue allocation | 15% | 15% | 30% | 40% |
- When Bonds held by the original allottees of Category IV are sold / transferred, coupon rate will be revised to the coupon rate for Category I, II & III investors. Refer to details.
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This post is originally posted by R.John Christy for www.investchips.com.
