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
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight – Issuer IIFCL Tax Free Bond - Tranche II Type of Instrument Secured, Redeemable, NCD Issue Open 25, Feb, 2013 Issue Close 15 Mar 2013 Issue Size Face Value Rs. 1,000 Min. Application Size 5 Bonds (Rs.5000) & multiply of 1 Bond thereafter Interest Annual Mode of Allotment D'mat & Physical Form Rating AAA- by ICRA , AAA by CARE Listing BSE / NSE
Issue Structure –
Options Series 1 Series 2 Series 3 Tenor 10 years 15 years 20 years Coupon Rate % Category - I, II, III 6.86% 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 : [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
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.
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[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Registrar of Issue :
Karvy Computershare
Allotment Details
| Tax Free Bond | IIFCL Tranche II |
|---|---|
| Issue Open | 25 Feb 2013 |
| Issue Close | 15 Mar 2013 |
| Issue Registrar | Karvy Computershare |
| Listing Exchange | BSE |
| NSE Script Code | |
| BSE Script Code | 961769 , 961770 , 961771 |
| BSE Script ID | 686IIFCL23 & 702IIFCL28 & 708IIFCL33 |
| Coupon Rate | 6.86% , 7.02%, 7.08% (Additional .50% interest extra for Retail Investor) |
| Allotment Date | Mar 26, 2013 |
| Listing Date | Apr 2, 2013 |
| ISIN No | INE787H07164 (10 Yr Bond) INE787H07172 (15 Yr Bond) INE787H07180 (20 Yr Bond) |
| Maturity Date | 26 Mar 2023 (10 yrs) 26 Mar 2028 (15 yrs) 26 Mar 2033 (20 yrs) |
| Interest Payment Date | 26 Mar 2014 (every year 28 mar) |
| Face Value | 1000 |
Trustee for Bondholders :
Depositories :
NSDL & CDSL
Are you interested to know brokerage structure in your Inbox mail : rajendra@puneinvest.com
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