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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