Details Of IIFCL Tax Free Bonds Tranche-2 Dec-2013 @8.91% –


IIFCL – India Infrastructure Finance Company Limited – A fully owned Govt Of India company engaged in the long term infrastructure finance.

IIFCL has come up with their second tranche of Tax Free Bond Issue and company intends to raise Rs.1000 Crores with option to retain over subscription upto Rs.3000 crores.

Imp Dates:

  1. Issue Open Date: 09-12-2013.
  2. Issue Close Date:10-01-2014.

Interest Rates:

Options

For Categories I,II and III
Tranche2-Series1A Tr-2 Series2A Tr-2 Series 3A
Interest Rates

8.41%

8.48%

8.66%

Options

For Category IV

Tr-2 Series 1B

Tr-2 Series 2B

Tr 3 Series 3B

Interest rate

8.66% 8.73%

8.91%

Tenure

10 Yrs 15 Yrs

20 Yrs

Interest payment Annual Annual

Annual

Category IV investors are investors can are applying for Rs.10 lakh or for less amount.

Issue Rating : AAA – by Care ,ICRA and Brickwork.

Overall this issue offer highest safety and annual interest payment.A good option if any one is looking for long term annuity (pension) like income which will of tax free in nature.


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