India Infoline Finance Ltd – IIFL NCD Issue Sept-2013 @12% To Be Opened On 17/09/2013:

India Infoline Finance Limited – Part of well known India Infoline group has come with an NCD issue starting on 17/09/2013.

IIFL is looking to raise Rs.1050 crore through this NCD issue.

IIFL Finance is Non-Banking Finance Company registered with RBI.

Details of IIFL NCD Issue are as follows:

Imp dates:

• Issue Start Date:17/09/2013.
• Issue Close date:04/10/2013.

IIFL Credit Rating: CARE AA & ICRA AA-.Indicates stable.

Security: secured.

Tenure:03 yrs and 05 yrs.

Coupon rate:12%. Effective yield for monthly interest option comes to be 12.65%.

Interest payout frequency: Annual / monthly.No cumulative option.

Mode of holding: Physical or demat form .

Min application amount: Rs.5000/-.

Security:Investor will get pari-passu security along with other first charge creditors.

 Last year IIFL ncd issue was closed earlier before due date.Investor can think to invest in this issue for a period like 03 years.