IRFC Tax Free Bond

Product Note on IRFC Tax Free Bond Issue.

Issue Details

Issue Opens On:                               Monday, January 21, 2013

Issue Closes On:                               Tuesday, January 29, 2013

Rating:                                                  “CRISIL AAA/Stable” from CRISIL

“[ICRA] AAA” from ICRA

“CARE AAA from CARE

Interest Rate:                                    7.18% per annum for 10 years (Additional 0.50% for Retail)

                                                                7.34% per annum for 15 years (Additional 0.50% for Retail)

Minimum Application:                  Rs.5000 (5 NCDs)& in multiples of Rs. 1,000 (1 NCD) thereof.

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* Allotment is on First Come First Serve Basis.

Applications cannot be made by:

·         Minors without a guardian name (A guardian may apply on behalf of a minor. However, Applications by minors must be made through Application Forms that contain the names of both the minor applicant and the guardian);

·         Foreign nationals who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA;

·         Overseas Corporate Bodies;

·         Indian Venture Capital Funds;

·         Foreign Venture Capital Investors;

·         Qualified Foreign Investors;

·         Co-operative societies;

·         Regional rural banks;

·         Societies;

·         Persons ineligible to contract under applicable statutory/ regulatory requirements;

·         All banks other than scheduled commercial banks;

·         Trusts;

·         Scientific and/or industrial research organisations;

·         Partnership firms;

·         Limited liability partnerships; and

·         Any other categories of Investors who have not been specifically mentioned as eligible Investors under Categories I, II, III and IV.

Thanking & Regards,