IIFCL – India Infrastructure Finance Company Limited – A fully owned Govt Of India company engaged in the long term infrastructure finance.
IIFCL has come up with their second tranche of Tax Free Bond Issue and company intends to raise Rs.1000 Crores with option to retain over subscription upto Rs.3000 crores.
Imp Dates:
- Issue Open Date: 09-12-2013.
- Issue Close Date:10-01-2014.
Interest Rates:
|
Options |
For Categories I,II and III | ||
| Tranche2-Series1A | Tr-2 Series2A | Tr-2 Series 3A | |
| Interest Rates |
8.41% |
8.48% |
8.66% |
|
Options |
For Category IV |
||
|
Tr-2 Series 1B |
Tr-2 Series 2B |
Tr 3 Series 3B |
|
|
Interest rate |
8.66% | 8.73% |
8.91% |
|
Tenure |
10 Yrs | 15 Yrs |
20 Yrs |
| Interest payment | Annual | Annual |
Annual |
Category IV investors are investors can are applying for Rs.10 lakh or for less amount.
Issue Rating : AAA – by Care ,ICRA and Brickwork.
Overall this issue offer highest safety and annual interest payment.A good option if any one is looking for long term annuity (pension) like income which will of tax free in nature.
