Details Of IIFCL Tax Free Bonds Tranche-2 Dec-2013 @8.91% –

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:

1. Issue Open Date: 09-12-2013.
2. 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.