IIFCL Tax Free Bonds Tranche-2 Feb 2013:

IIFCL -India Infrastructure Finance Company Limited – Fully owned by Govt Of India

Issue Of Tax Free Bonds Tranche-2 of Issue size Rs.200 crore with rights to retain oversubscription upto Rs.6331.1231 Crores.

Issue Open date:Feb 25, 2013
Issue Close date:March 15, 2013.

Credit rating:”AAA” by CARE,ICRA & BWR.

Interest Rates:

Options	Tr-II Sr-I	Tr-II Sr-II	Tr-II Sr III
Tenure	10 Yrs	15 Yrs	20 Yrs
Coupon rate for category IV investors applying upto Rs. 10 lakh	7.36%	7.52%	7.58%
Frequency of coupon payment	Annual	Annual	Annual

Bonds can be issued in either demat or physical form.

As always,income received from tax free bonds is free from income tax & these bonds are suitable for them who are expected to be in high tax brackets ahead.