Application form for Tax Saving Long Term Infrastructure Bond
Current open Long Term Infra Bond Application form
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Issuer | IFCI Limited ("the Issuer") | Offering | 2,00,000 Nos. Unsecured, Redeemable, Non-Convertible Bonds Series – IV of Rs.5,000/- each aggregating to Rs.100 crore with a green-shoe option to retain over-subscription. | Type | Private Placement basis | Instrument | Unsecured, Redeemable, Non-Convertible Long Term Infrastructure Bonds - Series IV, having benefits under section 80 CCF of the Income Tax Act, 1961 for investment upto Rs.20,000/- | Eligible Investors | Resident Indian Individuals (Major) and HUFs through Karta of the HUF | Rating | 'BWR AA-' by Brickwork Ratings India Pvt. Limited CARE 'A+' by CARE Ratings (Credit Analysis & Research Ltd.) 'LA' by ICRA Limited | Face Value | Rs.5,000/- per bond | Minimum Application | Rs.5,000/- (i.e. 1 Bond) | Application in multiples of | Rs.5,000/- (i.e. 1 Bond) | Options for Subscription | | Frequency of Interest Payment | Cumulative | Annual | Cumulative | Annual | | Coupon (% p.a.) | 9.09 % p.a. (Annual compounding) | 9.09 % p.a. | 9.16 % p.a. (Annual compounding) | 9.16 % p.a. | | Tenor | 10 (Ten) years | 10 (Ten) years | 15 (Fifteen) years | 15 (Fifteen) years | | Maturity Date | February 15, 2022 | February 15, 2022 | February 15, 2027 | February 15, 2027 | | Buyback option | At the end of 5th and 7th year from Deemed Date of Allotment | At the end of 5th and 10th year from Deemed date of Allotment | | Buyback Dates | February 15 of the calendar years 2017 and 2019 | February 15 of the calendar years 2017 and 2022 | | Lock-in period | 5 years from the deemed Date of Allotment | Deemed Date of Allotment | February 15, 2012 | Security | Unsecured | Trustee | IDBI Trusteeship Services Limited | Listing | Proposed to be listed on Bombay Stock Exchange (BSE) | Depositories | National Securities Depository Ltd. and Central Depository Services (India) Ltd. | Registrars | Karvy Computershare Pvt. Ltd. | Issuance & Trading | Bonds shall be issued both in dematerialised form and physical form. However, trading allowed only in dematerialised mode after the expiry of Lock-in Period of 5 years | Mode of Interest Payment / Redemption | ECS/At Par Cheques/Demand Drafts | Issue Schedule | Issue Open Date : November 30, 2011 Issue Close Date : January 16, 2012 The issuer would have the right to pre-close the issue or extend the closing date by giving 1 day notice to the Arrangers | Interest on Application Money shall be paid at the respective coupon from the date of realisation of subscription amount to the date immediately preceding the deemed date of allotment. | |
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