IFCI TIER II SUBORDINATE BONDS – SERIES I:: All you need to know

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

IFCI TIER II SUBORDINATE BONDS – SERIES I

PRIVATE PLACEMENT

Issuer IFCI Limited ("the Issuer") Offering 1,50,000 Nos. Subordinated, Unsecured, Redeemable, Non-Convertible Bonds Series - I of Rs.10,000/- each aggregating to Rs.150 Crore with a green-shoe option to retain over-subscription Type Private Placement basis Instrument Subordinated, Unsecured, Redeemable, Non-Convertible Bonds - Series I Eligible Investors All Resident Individuals and Domestic Non-Individuals. 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.10,000/- per bond Minimum Application Rs. 1,00,000/- (i.e. 10 Bonds of Rs. 10,000 each) Application in multiples of Rs. 10,000/- (i.e.1 Bond) Maximum Application Rs. 50 crore (Rs. Fifty crore) (50,000 Bonds of Rs.10,000/- each) Options for Subscription Annual Interest Cumulative Interest (only for individuals/HUFs) Annual Interest Cumulative Interest  (only for Individuals/HUFs) Coupon 10.5% p.a.       10.5% p.a. (Annual compounding) 10.75% p.a. 10.75% p.a. (Annual compounding) Tenure 10 years 10 years 15 years 15 years Call Option 7 years 7 years 10 years 10 years Deemed Date of Allotment August 1, 2011 Security Unsecured Nature of indebtedness and ranking The Bonds are Unsecured Redeemable Non-Convertible and Taxable Bonds in the nature of Promissory Notes, the claims of its investors being subordinate to the claims of all other creditors. Trustee Axis Trustee Services Limited Listing Proposed to be listed on BSE Depositories National Securities Depository Ltd. and Central Depository Services (India) Ltd. Registrars Link Intime India Pvt. Ltd. Issuance & Trading In dematerialised mode only Mode of Interest Payment / Redemption RTGS/ECS/At Par Cheques/Demand Drafts Issue Schedule Issue Open Date :June 01,2011 Issue Close Date : July 15, 2011 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. The redemption of Bonds on maturity/call option, as applicable shall be made only with approval of RBI.

For further information, please contact: IFCI Ltd, IFCI Tower, 61 Nehru Place, New Delhi ; Email: tier2bonds@ifciltd.com; Ph. 91-11-41792800/41732000  Arrangers to the Issue. Please click here for contact details.  Registrar & Transfer Agents: M/S Link Intime India Pvt. Ltd.,C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (W),Mumbai-400078. Email: ifcitier2@linkintime.co.in Ph:022-25960320; Toll Free No.1800-22-0320;Fax-022- 25960329 To download Application Form, click here .  To download Information Memorandum, click here .  For Collecting Bankers’ list, click here .

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