Personal Finance Blog India –

PFC Infrastructure Bonds 2011 Buy Back Offer:

PFC will offer buy back of infrastructure bonds allotted under section 80CCF for financial year 2011-2012.There was lock in of 05 years from allotment date and now investors of PFC bonds can opt for buy back.

  1. PFC infrastructure bonds Tranche-1 were allotted on Nov 22, 2011 and buy back date for the same will be 22-11-2016.
  2. If PFC bond holders wish to utilize buy back facility : then then they need to submit intimation advice form to Registrar of issue – Karvy computershare pvt limited, Unit : PFC Bonds Tranche-1(Series-1 & Series -2), Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District,Nanakramgude,Hyderabad 500032,A.P. ,India  till 21-05-2016.
  3. If investor want buy back facility then they can tick “Yes” option.If investor do not want to avail buy back facility and wish to continue bonds with offered interest rate of 8.5% then they can tick “No” in buy back intimation form.
  4. Bonds were allotted by issuers in demat as well physical mode.Both type of investors need to provide buy back intimation advice form.
  5.  Investors holding bonds in physical mode : If chose to Buy Back . need to surrender duly signed certificate by registered post with acknowledgement to registrars such as it should reach registrar at least 30 working days prior to buy back date.
  6. Investors holding bonds in demat account: Such investors can only submit buy back intimation advice.
  7. If investors have query : like address change, bond certificate not received, change of bank account no etc…then they can contact issuers  @ email : / toll free no : 18003454001.

Summarizing Imp dates:

  1. Buy back date : 22-11-2016
  2. Receipt of Buy back advice form at registrars office: Till  21-05-2016.
  3. Receipt of signed bond certificate at registrar office : at least 30 working days before buy back date.

PFC infrastructure bonds were offered at 8.50% (cumulative or annual interest payout as opted by investor) and as current interest rates being offered are lower side, investors have an option to continue till maturity with same rate.

7.60% PFC Tax Free Bonds 2015- Details & Interest Rates:

After NTPC, PFC – Power Finance Corporation – Govt Of India undertaking financial institution which promotes efficient investments in Indian power and allied sectors will open tax free bonds for subscription.

PFC will offer Tax Free Bonds for duration of 10yrs, 15yrs and 20yrs. PFC will raise Rs.700 crore through the issue of Tax Free bonds 2015.

Interest received from tax free bonds will be free from income tax.Investor can report this income but will not added in overall income of investor.

Important Dates:

  1. Issue Open Date:Oct 05, 2015.
  2. Issue Close Date: Oct 09, 2015^.

^issue can be foreclosed if oversubscribed earlier.

Credit Rating : AAA From ICRA, CRISIL and CARE.indicates highest safety of the issue.

Mode Of Issuance: Unlike to NTPC issue (where demat mode was compulsory), investor of PFC Tax Free Bond issue can subscribe with either Physical or Demat mode.

Interest Rates: 

Interest rates for individual investors applying for up to Rs. 10 Lakh.

Tenure Interest Rates – Interest payable annually
10 Yrs 7.36%
15 Yrs 7.52%
20 Yrs 7.60%

Tax Free Bond is good option from fixed income category if any one is looking for tax free, long term, secured income. NTPC tax free bonds were oversubscribed within few hours.As we are in low rates regime, these bonds may have good demand in secondary if you are looking to invest then apply on the first day itself.Its suggested to invest for long term perspective rather for speculative short term period.



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