Indian Railway Finance Corporation Ltd (IRFC) Tax free bonds

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

We wish to bring it to your notice that Indian Railway Finance Corporation Ltd (IRFC) is expected to come up with the issue of secured, redeemable tax-free bonds on January 25, 2012. These bonds have been assigned a AAA rating by CRISIL, CARE & ICRA and also carry an attractive 7.90% (for 10 years) and 8.00% (for 15 years) tax-free returns. As the interest income is tax free, the pre-tax yield works out to around 11.45 – 11.85%(for corporates & individuals in the highest tax bracket)

Particulars	10 Years	15 Years
Tax-Free Yield	7.90%	8.00%
Pre-Tax Yield
Individuals (tax @ 30.90%)	11.44%	11.59%
Corporates (tax @ 32.445%)	11.70%	11.85%