IFCI TIER II SUBORDINATE BONDS – SERIES I
2011 IFCI Bonds Issue Open Date: June 01,2011
2011 IFCI Bonds Issue Close Date : July 15, 2011
The issuer would have the right to pre-close the issue or extend the closing date by giving 1 day notice to the Arrangers
Options for Subscription | Annual Interest | Cumulative Interest (only for individuals/HUFs) | Annual Interest | Cumulative Interest (only for Individuals/HUFs) |
Coupon | 10.5% p.a. | 10.5% p.a. | 10.75% p.a. | 10.75% p.a. |
(Annual compounding) | (Annual compounding) | |||
Tenure | 10 years | 10 years | 15 years | 15 years |
Call Option | 7 years | 7 years | 10 years | 10 years |
Eligible Investors: All Resident Individuals and Domestic Non-Individuals.
Face Value: Rs.10,000/- per bond
Minimum Application: Rs. 1,00,000/- (i.e. 10 Bonds of Rs. 10,000 each)
Application in multiples of: Rs. 10,000/- (i.e.1 Bond)
Maximum Application: Rs. 50 crore (Rs. Fifty crore) (50,000 Bonds of Rs.10,000/- each)
Deemed Date of Allotment: August 1, 2011
Listing: Proposed to be listed on BSE
Rating: BWR ‘AA –’ by Brickwork Ratings India Pvt. Limited; CARE ‘A’ by CARE Ratings (Credit Analysis & Research Ltd.); ‘LA’ by ICRA Limited
Offering: 1,50,000 Nos. Subordinated, Unsecured, Redeemable, Non-Convertible Bonds Series – I of Rs.10,000/- each aggregating to Rs.150 Crore with a green-shoe option to retain over-subscription
Instrument: Subordinated, Unsecured, Redeemable, Non-Convertible Bonds – Series I
Trustee: Axis Trustee Services Limited
Depositories: National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars: Link Intime India Pvt. Ltd.
Issuance & Trading: In dematerialised mode only
Mode of Interest Payment / Redemption: RTGS/ECS/At Par Cheques/Demand Drafts
Interest on Application Money shall be paid at the respective coupon from the date of realisation of subscription amount to the date immediately preceding the deemed date of allotment.
The redemption of Bonds on maturity/call option, as applicable shall be made only with approval of RBI.
For further information, please contact:
IFCI Ltd, IFCI Tower, 61 Nehru Place, New Delhi ; Email: [email protected];
Ph. 91-11-41792800/41732000
Arrangers to the Issue. Please click here for contact details.
Registrar & Transfer Agents: M/S Link Intime India Pvt. Ltd.,C-13,
Pannalal Silk Mills Compound, LBS Marg, Bhandup (W),Mumbai-400078.
Email: [email protected] Ph:022-25960320; Toll Free No.1800-22-0320;Fax-022- 25960329
To download Application Form, click here .
To download Information Memorandum, click here .
For Collecting Bankers’ list, click here .
