IFCI - INFRASTRUCTURE BONDS – Tax Benefit U/S 80CCF
Eligible Investors: Retail Individual and HUF
Face Value: Rs. 5,000/- per bond
Minimum Subscription: 1 Bond and in multiples of 1 Bond thereafter
Tenure: 10 years, with or without buyback option after five years
Coupon rate: Option I (Non-cumulative and Buyback after 5 years) - 7.85% p.a.
Option III (Non-cumulative and no Buyback) - 7.95% p.a.
Option II and Option IV will have cumulative payment at the end of the Buyback
period or 10 years
Listing: Proposed to be listed on BSE
Issuance: Demat form only
Issue Close Date: 31 August, 2010
- Banker to issue: HDFC bank (collecting Banker)
- Payment in favour of: “IFCI Limited - Infra Bond” either through Cheque/ Demand Draft/ Pay orders and crossed “Account Payee Only” are deposited, directly with the designated branches of HDFC Bank (collecting banker).
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