IIFCL Tax Free Bond Tranche II Issue Feb 13

This entry is part 10 of 13 in the series Tax Bonds

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IIFCL  Ltd Tax Free Bond Tranche II – Issue details

IIFCL is engaged in providing long term financial assistance to commercially viable infrastructure projects with overriding priority PPP projects in the country in designated sectors like

Product Note

Issue Highlight - 
IssuerIIFCL Tax Free Bond - Tranche II
Type of InstrumentSecured, Redeemable, NCD
Issue Open25, Feb, 2013
Issue Close15 Mar 2013
Issue Size
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter
Interest Annual
Mode of AllotmentD'mat & Physical Form
RatingAAA- by ICRA , AAA by CARE
ListingBSE / NSE

Issue Structure -

OptionsSeries 1 Series 2Series 3
Tenor10 years15 years20 years
Coupon Rate %
Category - I, II, III6.86%7.02%7.08%
Category - IV (Retail)7.36%*7.52%*7.58%

*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.

Cheque Details-

Retail Investor  :

Bankers :   

About Issue

About the Issuer

IIFCL is engaged in providing long term financial assistance to commercially viable infrastructure projects with overriding priority PPP projects in the country in designated sectors like 
• Road and bridges, railways, seaports, airports, inland waterways and other transportation projects
• Power
• Urban transport, water supply, sewage, solid waste management and other physical infrastructure in urban areas
• Gas pipelines
• Infrastructure projects in Special Economic Zones  
• International convention centers and other tourism infrastructure projects;
• Cold storage chains
• Warehouses
• Fertilizer Manufacturing Industry.

Benefit to Investor

  •  The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.
  • No TDS
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

 

Subscription Data

Allotment/Listing

Registrar of Issue :

 Karvy Computershare

Allotment Details

Tax Free BondIIFCL Tranche II
Issue Open25 Feb 2013
Issue Close 15 Mar 2013
Issue RegistrarKarvy Computershare
Listing ExchangeBSE
NSE Script Code
BSE Script Code961769 , 961770 , 961771
BSE Script ID686IIFCL23 & 702IIFCL28 & 708IIFCL33
Coupon Rate6.86% , 7.02%, 7.08% (Additional .50% interest extra for Retail Investor)
Allotment DateMar 26, 2013
Listing DateApr 2, 2013
ISIN NoINE787H07164 (10 Yr Bond) INE787H07172 (15 Yr Bond) INE787H07180 (20 Yr Bond)
Maturity Date26 Mar 2023 (10 yrs) 26 Mar 2028 (15 yrs) 26 Mar 2033 (20 yrs)
Interest Payment Date26 Mar 2014 (every year 28 mar)
Face Value1000

Trustee for Bondholders :

 

Depositories :

NSDL & CDSL

 

Are you interested to know brokerage structure  in your Inbox  mail : rajendra  @puneinvest.com

 

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