IIFCL: Tax Free Bond Issue, 7.90% Returns..!

India Infrastructure Finance (IIFCL) plans to raise up to Rs. 9,215 cr through tax-free bonds to fund infrastructure projects in India..

The company plan to raise Rs 1,500 crore with green shoe option up to the shelf limit of Rs. 9,215 crore on firstcome first-serve basis.

What is Tax Free Bond?

There will not be any tax implication at the time of investment in these bonds, while interest earned from the bonds is tax free.

Investors have an option to invest for 10 years, 15 years and 20 years and the bonds with no lock in period would be listed at the Bombay Stock Exchange (BSE).

The minimum amount of application is Rs. 5,000 with face value of Rs. 1,000 per bond.

Retail investors will get 0.5% higher return compared with other categories such as qualified institutional buyer (QIB), high net worth individuals (HNI) & companies. For retail investors, the bonds carry a coupon rate of 7.69% for 10 years, 7.86% for 15 years and 7.90% for 20 years.

The coupon rate applicable for the other categories of investors shall be lower by 0.5% points 7.19% for 10 years and 7.36 % for 15 years and 7.40% for 20 years.

The issue closes on January 11, 2013.

Contact: India Infrastructure Finance Company Limited (IIFCL)8th Floor, Hindustan Times Building
18 and 20, Kasturba Gandhi Marg,  New Delhi-110 001Phone: 91-11- 23708263,23708264 , Fax : 91-11-23766256,23730251
Regional Offices..!                                                               
Mumbai:                                                                       Hyderabad :                                                                
4th Floor,Above J& K Bank,                                   Plot No 4, 8-2-48/1/7/4/C,182 Asra Building,                                                     3rd Floor, Narella House,Waterfield Road,                                                        ICICI Bank Bldg,Near National College,                                               Nagarjuna Circle/ Banjara Hills,Bandra (West)                                                              PunjaguttaContact No : + 91 - 90290 04844                                  Contact No : +91- 8790041717

IIFCL’s subsidiary Companies ..!India Infrastructure Finance Company (UK) Ltd.           IIFCL Projects Ltd. (IPL)Becket House, 36 Old Jewry London EC 2R 8 DD              9th Floor,Tel: + 44  20 3440 7520 (B), +44 20 3440 7521 (D)                 Hindustan Times Building 18 & 20,Fax: + 44  20 3440 7525                                                            Kasturba Gandhi MargEmail : md@iifc.org.uk                                                       New Delhi-110 001                                                                                                 Ph: 91-11- 23708263,23708264                                                                                                Fax : 91-11-23766256,23730251                                                                                              Email : contact@iifclprojects.com

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