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%

0 comments:

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.
Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.

Google, as a third party vendor, uses cookies to serve ads on this site.
Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
www.investchips.com never collects any personal information of visitors.

WWW.INVESTCHIPS.COM