IIFCL -India Infrastructure Finance Company Limited – Fully owned by Govt Of India
Issue Of Tax Free Bonds Tranche-2 of Issue size Rs.200 crore with rights to retain oversubscription upto Rs.6331.1231 Crores.
- Issue Open date:Feb 25, 2013
- Issue Close date:March 15, 2013.
Credit rating:”AAA” by CARE,ICRA & BWR.
Interest Rates:
| Options | Tr-II Sr-I | Tr-II Sr-II | Tr-II Sr III |
| Tenure | 10 Yrs | 15 Yrs | 20 Yrs |
| Coupon rate for category IV investors applying upto Rs. 10 lakh | 7.36% | 7.52% | 7.58% |
| Frequency of coupon payment | Annual | Annual | Annual |
Bonds can be issued in either demat or physical form.
As always,income received from tax free bonds is free from income tax & these bonds are suitable for them who are expected to be in high tax brackets ahead.
