PFC will offer buy back of infrastructure bonds allotted under section 80CCF for financial year 2011-2012.There was lock in of 05 years from allotment date and now investors of PFC bonds can opt for buy back.
- PFC infrastructure bonds Tranche-1 were allotted on Nov 22, 2011 and buy back date for the same will be 22-11-2016.
- If PFC bond holders wish to utilize buy back facility : then then they need to submit intimation advice form to Registrar of issue – Karvy computershare pvt limited, Unit : PFC Bonds Tranche-1(Series-1 & Series -2), Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District,Nanakramgude,Hyderabad 500032,A.P. ,India till 21-05-2016.
- If investor want buy back facility then they can tick “Yes” option.If investor do not want to avail buy back facility and wish to continue bonds with offered interest rate of 8.5% then they can tick “No” in buy back intimation form.
- Bonds were allotted by issuers in demat as well physical mode.Both type of investors need to provide buy back intimation advice form.
- Investors holding bonds in physical mode : If chose to Buy Back . need to surrender duly signed certificate by registered post with acknowledgement to registrars such as it should reach registrar at least 30 working days prior to buy back date.
- Investors holding bonds in demat account: Such investors can only submit buy back intimation advice.
- If investors have query : like address change, bond certificate not received, change of bank account no etc…then they can contact issuers @ email : buyback2011-12@pfcindia.com / toll free no : 18003454001.
Summarizing Imp dates:
- Buy back date : 22-11-2016
- Receipt of Buy back advice form at registrars office: Till 21-05-2016.
- Receipt of signed bond certificate at registrar office : at least 30 working days before buy back date.
PFC infrastructure bonds were offered at 8.50% (cumulative or annual interest payout as opted by investor) and as current interest rates being offered are lower side, investors have an option to continue till maturity with same rate.
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Non receipt of buy back redemption amount
Dear Sir,
I have submitted all required documents to IDFC Office, Mumbai by Speed post on 19.1.2017 for refund of my IDFC Infrastructure Bonds (2011-12)-Tranche 1.
Details of Bonds:
Registered Folio No. IDD0025870
Certificate No 25870
Name of Bond Holder: N J S S S PRAKASA RAO
No of Bonds: 4
Distinctive No: 0000101326-329
Maturity Date : 31.12.2016
However, i have not received buy back redemption amount till date.
Could you please inform what is the status?
Regards
N J S S S PRAKASA RAO
e-mail: onlyprakash2012@gmail.com
Sir,
I have purchased 04 nos of IDFC Long Term Infrastructure Bonds-Tranche 2 bearing distinctive Nos.0000743371-0000743374 on February 21,2011. The Buyback date was February 22,2016.But I had not opted. I want to continue till maturity i.e February 21,2021.Pl. advise
Sir, I had send original Bond Certificate ( IDFC Long Term Infrastructure Bonds 2011 12 – Tranche 1) , a photocopy of PAN Card, & Cancelled cheque during middle of the December 2016 for the availling of buyback facility. I want to know the latest status. My Folio No. IDD0302636 ,Distinctive Nos. 403341 to 403344.
Sir, I had send original Bond Certificate ( IDFC Long Term Infrastructure Bonds 2011 12 – Tranche 1) , a photocopy of PAN Card, & Cancelled cheque on 15. 11. 2016 for the availling of buyback facility. I want to know the latest status. My Folio No. IDD0288599 ,Distinctive Nos. 347193-347196.
I am holding Power Finance Corporation Lid. Long Term Infrastructure Bonds series 2 in physical form with BUY back facility opted, However i haven’t sent the advice for buyback till date. Can i still opt for buy back?
My details are as follow :-
Name :- SANAD KUMAR YADAV
Series :- 2
Registered Foilo No. :- PF B20208605
Certificate No. :- 208605
No. of Bonds :- Four Only ( 000033909-000033912 )
Thanks
I HAVE TWO IFDC BONDS OF Rs 20,000/= each.
The 1st one purchased on 21 Feb 2011(Trench-II)Buy back date 22Feb 2016.
The 2nd one purchased on 30 december 2011(Trench-I)Buy back date 31 Dec 2016.
In Both cases I have not sent any form or advice to the Registrar till date as I did not receive any form or communication from your office.
If I want to option for buy back,what is to be done from my side ?
PLEASE GIVE ME PROPER ADVICE.
SUSNATA DAS
A-15,Nxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxx
Hi,
I have purchase ADFC infra bond Tranche-2 in Feb. 2011. Now it is matured and I did not get any advice for buy back. Please tell me how can I get back the amount after maturity
I have PFC infra bonds ant to use buy back facility. However Registrar has not sent me any buyback advice till date. How can i aplly now for buyback
Sir,you can contact them at :
email : buyback2011-12@pfcindia.com / toll free no : 18003454001.
Regards.
I am holding IDFC Long Term Infrastructure Bonds (2011-12) – Tranche 1 bonds in physical form with BUY back facility opted, However i haven’t sent the advice for buyback till no.
1. Can i still opt for buy back?
2. if not do i need to send any advice for keeping it till maturity?
3. Is there any way to change the address , Bank information with IDFC?
Hi,
You can contact them through email id provided above.
I am not sure but I think, you may need to take money back as you have opted for buy back while applying.
but remember you will not get any interest post 22nd Feb.
You will need to surrender original bond certificate with cancelled copy of cheque, copy of PAN card.
First contact them through email or phone.
Regards.
ihave bonds in physical format,buy back advice format isneeded.what ishould do for demat-kindly respond
WHAT IS THE FORMALITIES FOR DEMATING THE BONDS,
ALSO ADD NOMINEE
PLS ADVICE
Hello,
For demating bonds, You need to approach broker where you have demat account.
If you wish to convert bonds in to demat mode then nominee of demat account will be nominee of bonds.Else you need to write issue registrars about change in nomination.
Regards.
Hi, Thanks for this useful information. I hold the PFC bond in physical format and want to utilize the buyback option now. Could you please tell me where exactly to sign on the back of the bond certificate? Any place or a place given for authorized signatory?
Hello,
For bonds having buy back date in Nov 2016, first you need to provide them buy back advice till 21-05-2016 and then surrender bond certificate…
Thank you.
Thanks for taking time to reply. Yeah, i will provide them buy back advice by May 2016. However, do you have any idea where exactly to sign on the back of the bond certificate? Any particular place or a place given for authorized signatory under ‘transfers? Thanks
Hello,
I haven’t seen the certificate but you can sign where space for a revenue stamp is provided……or any where at backside….
along with signed bond certificate across revenue stamp also provide cancelled copy of cheque n copy of pan card.
Regards.
Hi, May I know how you received the buy back advice.
Thanks.
Hi,
Issue registrars have send buy back advice forms to investors via posts.
Thanks.