Fixed 11.80% - 12.01% p.a. (Pre-Tax) with "Indian Railways" Secured & Tax Free Bonds

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

We are pleased to present you the details of Public Issue of “AAA” Rated, TAX Free, SECURED, REDEEMABLE Bonds issued by “Indian Railway Finance Corporation Ltd” (IRFC).This issue is opening on January 27, 2012. These bonds have been assigned a AAA rating by CRISIL, CARE & ICRA and also carry an attractive 8.15% (for 10 years) and 8.30% (for 15 years) tax-free returns. As the interest income is tax free, the pre-tax yield works out to around 11.80 – 12.01% (for individuals in the highest tax bracket).

Terms of the Issue :

               

Particulars	IRFC TAX FREE BONDS
Issue Size	Rs. 5000 Crores
Issue Opening Date	27TH  January 2012
Issue Closing Date	10th Feb 2012
Rating	“AAA” by CRISIL , CARE & ICRA
Minimum Application	Rs.10000
Tenure	10 Yrs (No Lock-In)	15 Yrs (No Lock-In)
App More than Rs. 5 Lakhs( QIB, HNI & Corp)	8.00% p.a.	8.10% p.a.
App Upto Rs. 5 Lakhs ( Retail & HUF)	8.15% p.a.	8.30% p.a.
Face Value of Bond	Rs.1000
Listing	Proposed to be listed both in NSE & BSE
Interest payment	PAYABLE Annually Only
Issuance	Demat as well as physical

Pre – Tax Yield Calculation :

Particulars	10 Years	15 Years
Tax-Free Yield	8.15%	8.30%
Pre-Tax Yield
Individuals (tax @ 30.90%)	11.80%	12.01%

This issues is opening on 27^th Jan for subscription & will be closed soon.