Personal Finance Blog India –

IIFCL – Tax Free Bonds December 2012 –

IIFCL – India Infrastructute Finance Company Limited : A Govt Of India Enterprise & ISO 9001:2008 Certified Company.

IIFCL – Issue Of Tax Free Bonds – 2012-2013.

As you may aware that Govt have authorized few PSUs to issue tax free bonds in financial years 2012-2013.REC India & Power Finance Corporation [PFC] have already issued first tranche of the bonds and now IIFCL – Infrastructure Finance Company will issue Tax Free Bonds as detailed below.

Important Dates –

    1. Issue Open Date = Dec 26, 2012.
    2. Issue Closing Date = January 11, 2013.

Details Of IIFCL Tax Free Bonds –

Option / Series Series-I Series-II Series-III
Tenure – Years 10 15 20
Issue Price – Rs 1000/- 1000/- 1000/-
Aggregate Coupon Rate For Category IV Individuals* 7.69% 7.86% 7.9%
Coupon Rate For Other investors 7.19% 7.36% 7.40%
Min Application 5000/- 5000/- 5000/-
* Individuals / HUFs Applying Upto Rs. 10 lakh

Credit Rating – Highest credit rating AAA from CARE, ICRA, Brickworks.

Issue mode – Investors can choose either demat mode or Physical mode.

How This Issue is different from PFC / REC

Slight difference in interest rates..and there is tenure of 20 years as well available in IIFCl bonds.

Its always quite difficult to predict future of Interest rates for longer period like for 20 years and investing in such bonds can prove Positive as well as negative for investors.But individuals who are expected to expose for highest tax brackets should think to invest in one of the issue of Tax Free Bond.

Category: Fixed Income


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