Personal Finance Blog India –

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.

Category: Fixed Income


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