IDFC Infrastructure Bonds-One pager
IDFC LONG TERM INFRASTRUCTURE BONDS
| Issue Size | Rs 3,400 crores There is no minimum issue size |
| Rating | “LAAA” (ICRA) with stable outlook and is the highest credit quality rating assigned by ICRA |
| Security | Fully secured with first pari passu floating charge over secured assets and first fixed pari pasu charge over specified immovable properties of the Company |
| Bond Face value & issue price | Rs 5,000/- per bond |
| Subscription amount Minimum
Maximum |
Rs 10,000 or 2 bonds. The bonds can be of the same series or two bonds across different series. No Limit * |
| Tax Benefit | Under Section 80CCF of the Income Tax Act the amount, not exceeding Rs. 20,000 per annum, paid or deposited as subscription to long-term infrastructure bonds during the previous year relevant to the assessment year beginning April 01, 2011 shall be deducted in computing the taxable income. This is over and above the Rs 1,00,000 tax benefit available under section 80C, 80CCC & 80CCD read with section 80CCE |
| Who can apply | Resident individual or HUF |
| Investor should provide | PAN Number and Demat Account No |
| Maturity / redemption | 10 years from the deemed date of allotment |
| Lock In period | 5 years from the deemed date of allotment |
| Buyback | 5 years + 1 day from the deemed date of allotment |
| Listing | NSE & BSE |
| Loan against Bonds | Bonds cannot be pledged or hypothecated for obtaining loans during the lock in period |
| Issue opens | September 30, 2010 |
| Issue Closes | October 18, 2010 |
| Application forms availability | Application Forms will be available in IDFC office in Mumbai, Chennai, New Delhi, Bengaluru. Application forms will also be available with Lead Managers & Lead Brokers. |
| Lead Managers | Citibank, Enam, Kotak , IDFC Capital |
| Lead Brokers | Kotak Securities, Enam Securities, Sharekhan, JM Financial services, ICICI Securities, RR Equity, SMC Global, Bajaj Capital, Almondz Securities, HDFC Securities, Karvy, NJ Invest India |
| Registrars | Karvy |
| Debenture Trustee | IDBI Trusteeship |
| Bankers | HDFC, ICICI, Kotak Mahindra, IDBI, Citibank, Axis, IndusInd, Dhanlaxmi |
* Please see tax benefit
SPECIFIC TERMS FOR EACH SERIES OF BONDS UNDER THE FIRST TRANCHE
| Series | 1 | 2 | 3 | 4 |
| Face Value | Rs 5000 per bond | |||
| Minimum number of Bonds per application* | Two Bonds and in multiples of one Bond thereafter. For the purpose of fulfilling the requirement of minimum subscription of two Bonds, an Applicant may choose to apply for two Bonds of the same series or two Bonds across different series. | |||
| Terms of Payment | Full amount with the Application Form | |||
| Interest payment | Annual | Cumulative | Annual | Cumulative |
| Interest Rate | 8.00% p.a. | N.A.
| 7.50% p.a. | N.A. |
| Maturity Amount per Bond | Rs. 5,000
| Rs. 10,800
| Rs. 5,000
| Rs. 10,310
|
| Maturity | 10 years from the Deemed Date of Allotment | |||
| Yield on Maturity | 8.0% | 8.0% compounded annually | 7.50% | 7.50% compounded annually |
| Buyback Facility
| N.A. | N.A. | Yes | Yes |
| Yield on Buyback | N.A. | N.A. | 7.50% | 7.50% compounded annually |
| Buyback Amount
| N.A. | N.A. | Rs. 5,000/- per Bond
| Rs. 7,180/- per Bond |
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