Tuesday, December 21, 2010

IFCI Tax Saving Long Term Infrastructure Bonds– SERIES II

Issuer IFCI Limited ("the Issuer")
Offering 2,00,000 Unsecured, Redeemable, Non-Convertible Bonds of Rs. 5,000/- each aggregating to Rs. 100 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 Bonds Series II 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 offered under the following 4 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 10 years from the deemed date of allotment. For Cumulative Option, at par with cumulated interest thereon.
Coupon rate • Option I & II - 8% p.a.
• Option III & IV - 8.25% p.a.
Option II and Option IV will have cumulative payment at the end of the Buyback period or 10 years, as per the option opted by the Investor.
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. But, investors interested for physical form may provide a cancelled cheque, self-certified copies of PAN Card and residential proof
Trading Demat mode only following expiry of lock-in period
Issue Open Date November 16, 2010
Issue Close Date December 31, 2010
• The issuer would have the right to pre-close the issue or extend the closing date by giving 1 day notice to the Arrangers
Deemed Date of Allotment January 31, 2011
Buyback dates January 31 every year commencing from year 2016 till year 2020.

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