Saving-Ideas.com

Icon

Personal Finance Blog India –

IIFL – Housing finance NCD Issue – March 2014

India Infoline Housing Finance Limited – part of IIFL group – engaged in housing finance and loans against property has come up with an NCD issue which is of sub-ordinate nature.

IIFL is looking to raise 200 crore through this NCD issue.

Important Dates:

  1. Issue Open date:March 12, 2014.
  2. Issue Close Date : March 24, 2014.
  3. Tentative Date of Allotment : AApril 04, 2014

NCD ISSUE PERIOD : 06 YEARS FROM DATE OF ALLOTMENT.

This issue offers following Two investment options :

Option I : Monthly Interest payment option : Under this option interest shall be paid out to investors with coupon rate of  12% on monthly basis.Interest payment date will be the allotment date from subsequent month.

Option II : This is cumulative mode and principle plus accumulated interest will be paid at maturity.Investors of this option will get amount doubled on maturity after period of 6 years.

Credit Rating : AA- .which indicates higher safety with lower rank in the category.

Profit Report:

Profit reported by company :

Financial Year Profit Before Tax Profit after Tax
2009-2010 2.83 crores 1.957 Crores
2010-2011 9.09 Crores 6.42 Crores
2011-2012 6.24 Crores 3.594 Crores
2012-2013 19.64 Crores 13.97 Crores
2013-2014- First two quarters 16.47 Crores 11.78 Crores

This issue of IIFL – housing Finance is of Sub-ordinated nature means investors won’t get any collateral security against this issue and would have secondary claims so investors having higher credit risk capacity can think to invest.

 


Category: Fixed Income

Tagged:

Leave a Reply

Advertisement:

Categories

Categories

Blog Archives

Advertisement

Blog Author

Blog Author

Who's Online

17 visitors online now
8 guests, 9 bots

See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

Disclaimer

Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
17 visitors online now
8 guests, 9 bots, 0 members
Max visitors today: 17 at 12:29 pm UTC
This month: 363 at 09-23-2016 05:45 am UTC
This year: 363 at 09-23-2016 05:45 am UTC
All time: 363 at 09-23-2016 05:45 am UTC
Thank You For Visiting This Blog!!!