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IFCI Bonds : Infrastructure Bonds : Series I

IFCI Tax Saving Long Term Infrastructure Bonds– SERIES I
 
PRIVATE PLACEMENT
 
SUMMARY TERM SHEET
Issuer IFCI Limited
Offering 1,00,000 Unsecured, Redeemable, Non-Convertible, Taxable Bonds of Rs. 5,000/- each aggregating to Rs. 50 Crore with a green-shoe option to retain over-subscription for issuance of additional Infrastructure Bonds
Type Private Placement basis
Instrument Unsecured, Redeemable, Non-Convertible, Taxable Bonds having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds
Rating BWR AA- by BRICKWORK RATINGS INDIA PVT LIMITED
Eligible Investors Resident Indian Individual (Major) and HUF through Karta of the HUF
Security Unsecured
Face Value Rs.  5,000/- per bond
Issue Price At par (Rs. 5,000/- per bond)
Minimum Subscription 1 Bond and in multiples of 1 Bond thereafter,
Tenure 10 years, with or without buyback option after five years
Options for Subscription The Bonds are proposed to provide the following options-
• Option I - Non-cumulative and Buyback after 5 years
• Option II - Cumulative and Buyback after 5 years
• Option III - Non-cumulative and no Buyback
• Option IV - Cumulative and no Buyback
Redemption / Maturity At par at the end of 10th year from the deemed date of allotment. For Cumulative Option, at par with cumulated interest thereon.
Coupon rate

• Option I & II- 7.85% p.a.
• Option III & IV - 7.95% p.a.

In case of cumulative bonds, interest shall be compounded annually

 
Listing Proposed to be listed on BSE
Trustee Axis Trustee Services Limited
Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars Beetal Financial & Computer Services (P) Ltd.
Mode of Payment Interest payment will be made through ECS/At Par Cheques/Demand Drafts
Issuance Demat form only
Trading Demat mode only
Issue Open Date August 9, 2010
Issue Close Date August 31, 2010
Deemed Date of Allotment September 15, 2010

 The application process for this issue is now closed

 

To download Information Memorandum,click here .  

 

       

For queries post allotment, please contact Registrar at ifci@beetalfinancial.com.

Beetal Financial & Computer Services (P) Ltd.
Beetal House,
3rd Floor,
99 Madangir,
Behind LSC  New Delhi-110062; (P)011- 29961281, (F)011- 29961284; (W) beetalfinancial.com 

 

OR  Email to IFCI at  infrabonds@ifciltd.com

 

Resources Department, IFCI Ltd,
IFCI Tower,
61 Nehru Place,
New Delhi- 110019.

(P) 011-41792800/ 41732000

  

 

 
 
DISCLAIMER :This is neither a prospectus nor a statement in lieu  of prospectus and is not an advertisement or an invitation to the public.
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