January 11, 2012 by akhilendra
IDFC Long Term Infrastructure Bond Tranche II NCD Issue
IDFC Long Term Infrastructure Bond Tranche II NCD Issue–Interest Rate 8.70%* p.a. with Additional tax benefits of Rs 20,000/-Over and above the permissible deduction of Rs.1 lakh under Section 80 CCF
IDFC Long Term Infrastructure Bond Tranche II Issue Details
| IDFC Ltd. : Details | ||
| Price Band | Issue size | Credit Rating |
| Rs. 5,000 | Rs. 4400 Crore | “(ICRA) AAA” from ICRA “Fitch AAA (ind)” from Fitch |
| Interest Rate | Exchange listed on | Tenures being offered to investors |
| 8.70%* p.a. | NSE and BSE | 10 years from the deemed date of allotment |
| Issue Opens | Issue Closes | Minimum Application Amount |
| 11th January, 2012 | 25th February, 2012 | Rs. 10000 & in multiples of Rs. 5,000 thereof |
*There are two series of bonds
- Series 1 : Tenor of 10 years – 8.70% p.a.(Annual)
- Series 2 : Tenor of 10 years – 8.70% p.a.(Cumulative)
Highlights
- Lock in period – 5 years from the deemed date of allotment
- Investment up to Rs. 20,000 will be eligible for tax benefits in the year of investment under Section 80 CCF of the Income Tax Act, 1961.
- This is the highest credit quality rating assigned by ICRA. The ratings are not a recommendation to buy, sell or hold securities and investors should take their own decisions.
- NCDs will be credited to your Demat Account. No paper work required. Investment can be made and tracked online
- NCDs will be listed on exchanges – Buy and sell NCDs will be done at the exchange platform after listing
Amit Surpuriya - January 12, 2012 @ 4:29 am
FOR APPLICATION OF INFRASTRUCTURE BONDS – CONTACT – AMIT SURPURIYA – 9850873688 – PUNE
KSHITIJ FINANCIAL SERVICES
MUTUAL FUNDS | INFRASTRUCTURE BONDS | 54EC CAPITAL GAIN BONDS | DEBENTURES | COMPANY FIXED DEPOSITS | MEDICLAIM
admin - January 12, 2012 @ 4:32 am
Hi Amit,
why not give some more information about this product also? if you think any information will be helpful. That will help our readers in understanding the product.
thanks for leaving your details.