India Infrastructure Finance Company Limited- Issue of Tax Free Secured Redeemable Non Convertible Bonds


India Infrastructure Finance Company Limited
Issue Period: 26 Dec 2012 to 11 Jan 2013
Key Benefits:
  • Credit Ratings: AAA by CARE, AAA (Stable) by ICRA and BRICKWORK
  • Interest on these Bonds is Tax-Free, no TDS is applicable, Wealth Tax is not levied
  • No lock in period and no upper limit on investment amount
  • Issue Size: Rs 1,500 Crore with an option to retain oversubscription upto Rs 9,215 Crore
  • Additional Coupon Rate - Category - IV Applicants - 0.50% p.a.
  • IIFCL is a Government of India undertaking
Issue Structure: Issue of Tax Free Secured Redeemable Non Convertible Bonds

Options / Series of BondsSeries 1Series 2Series 3
Tenor10 years15 years20 years
Coupon Rate % p.a. (Category I, II and III)7.197.367.40
Additional Coupon Rate % p.a. (Category IV)0.500.500.50
Total Coupon Rate % p.a. (Category IV)7.697.867.90
Frequency of Interest paymentAnnualAnnualAnnual
Face Value / Issue Price per BondRs 1,000
Minimum ApplicationRs 5,000 (in multiples of Rs 1,000 thereafter)
IssuancePhysical and Demat mode
Interest on application % p.a.As per coupon rate applicable to investor category
Interest on refund % p.a.5.0
Proposed to be listed onBSE

Basis of Allotment : On first come first serve basis

Investor CategoryI - InstitutionalII - Non InstitutionalIII - HNI (more than 10 lacs)IV - Retail (upto and including 10 lacs)
Issue allocation15%15%30%40%
  • When Bonds held by the original allottees of Category IV are sold / transferred, coupon rate will be revised to the coupon rate for Category I, II & III investors. Refer to details.

 

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