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IDFC is coming up with Public issue of long term infrastructure bonds, in the nature of secured, redeemable, non-convertible debentures, for an amount not exceeding Rs.4400 Crores with an option to retain an oversubscription up to the Shelf Limit (5000 Crores).
Visit http://indiaer.blogspot.com/ for complete details �� ��
IDFC is coming up with Public issue of long term infrastructure bonds, in the nature of secured, redeemable, non-convertible debentures, for an amount not exceeding Rs.4400 Crores with an option to retain an oversubscription up to the Shelf Limit (5000 Crores).
Below are the details of the Issue:
IDFC BOND | |
ISSUE OPENS | 11-Jan-12 |
ISSUE CLOSES | 25-Feb-12 |
PRICE BAND | Rs. 5000/- |
MINIMUM APPLICATION | 2 Units [Rs. 10, 000] and in multiples of 1 Bond (Rs. 5000) each thereafter. |
Maturity | 10 years from the Deemed Date of Allotment. |
INTEREST RATE | Option 1 -8.70% payable annually. Option 2 -Rs 11,515 payable on maturity (8.70% compounded annually) |
RATING | “(ICRA)AAA” from ICRA and “Fitch AAA (ind)” from Fitch |
Tax Benefits | These Bonds are classified as Long Term Infrastructure Bonds and eligible for tax benefits under Section 80CCF of the Income Tax Act up to an amount not exceeding Rs. 20,000 in the year of investment. |
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