India Infoline Investment Services Ltd NCD Issue - Opens on 04 August 2011

COMPANY PROFILE:

  • India Infoline Investment Services Ltd (IIISL) is a non-deposit taking NBFC incorporated on July 7, 2004 as a private limited company; it was changed into a public limited company on May 15, 2007.
  • The company is a downstream subsidiary of IIFL, with investment in India Infoline Housing Finance (licence received in 2009), Moneyline Credit (an NBFC) and India Infoline Distribution Co. Ltd.
  • The company offers a broad range of lending and other financial products to both corporate and retail clients. These include retail mortgage loan, gold loan, healthcare finance and corporate mortgage loans.
  • As on June 30, 2011, IIFL had presence in over 3,000 business locations including over 450 branches and over 2,500 franchisees, spread across 506 cities in 29 states and union territories in India.
ISSUE'S SALIENT FEATURES :
  • Interest rate range from 11.70% to 11.90% depending on the series applied for
  • Higher interest rates for individuals applying up to Rs 500,000
  • Credit Ratings of 'AA-' by CARE and 'AA-/Stable' by ICRA
  • NCDs are allotted on first-cum-first-serve basis
  • NCDs are allotted on demat mode only
Issue Period: 04 August 2011 to 12 August 2011
Issue Size: Rs 750 crore
Applicant Categories
Category I: Public financial institution, commercial / co-operative / regional rural bank, provident fund, pension fund, superannuation fund and gratuity fund, national investment fund, statutory corporation, venture capital funds registered with SEBI, insurance companies registered with the IRDA and mutual funds
Category II: Companies / corporate bodies / registered societies, public/private charitable/religious trusts, scientific and/or industrial research organisations, partnership firms in the name of the partner and limited liability partnerships
Category III: Resident Indian individual and Hindu undivided families through the karta.

ISSUE INVESTMENT OPTIONS

Options | || |||
Tenure 36 months 40 months 60 months
Frequency of Interest Payment Annually NA Annually
Minimum Application Rs. 5,000 (5 NCDs) (for all options of NCDs, namely Options I, II and III, either taken individually or collectively)
Face Value/Issue Price Rs 1,000 (1 NCD)
In Multiples Of Rs 1,000 (1 NCD)
Mode of Interest Payment/Redemption Through Various options available Not applicable Through Various options available
Coupon (%) for NCD holders in Category I and Category II 11.70% per annum Premium on Redemption @ Rs. 1,446.80 per NCD at the end of 40 months from the deemed date of allotment (Yield: 11.70%) 11.70% per annum
Coupon (%) for NCD holders in the Category III (Unreserved Individual Portion) 11.70% per annum Premium on Redemption @ Rs. 1,446.80 per NCD at the end of 40 months from the deemed date of allotment (Yield: 11.70%) 11.90% per annum
Coupon (%) for NCD holders in the Category III (Reserved Individual Portion) 11.70% per annum Premium on Redemption @ Rs. 1,446.80 per NCD at the end of 40 months from the deemed date of allotment (Yield: 11.70%) 11.90% per annum
Effective Yield (per annum) 11.70% 11.70% For NCD holders in the Reserved and Unreserved Individual Portion - 11.90% For all other NCD holders - 11.70%

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