IFCI Ltd – Institution promoted and controlled by Govt Of India has come up with Secured NCD issue which have opened on Jan 01, 2015.Issue offers two investment options Viz. for 05 yrs and 10 yrs period. IFCI is looking to raise Rs.250 crores through this tranche and can retain oversubscription up to Rs.790.813 Crores. Important details of issue are as follows:
Imp Dates:
- Issue Open Date: Jan 01, 2015.
- Issue Close Date: Feb 04, 2015.
Credit Rating :
BWR AA- (Stable outlook) and CARE A (Stable).
Annual Interest Payment Option:Cumulative and Annual Interest Payment option.
For Retail individual investors:
| Tenure | 05 Yrs | 10 Yrs |
| Coupon Rate For HNI and Individual Investors | 9.45% | 9.50 |
Considering low interest rate scenario ahead, above interest rates are still good considering period of 05 or 10 years for general public. One can think to invest some part in this issue from fixed income portfolio.
