JAIN BROKER

IDFC Infrastructure bonds Tranche 3

Posted: 18 Mar 2012 12:30 PM PDT

IDFC (Infrastructure Development Finance Company Ltd) has brought yet another bonds under section 80CCF from March 19, 2012 till March 30, 2012 for the investors still could not save tax under this section. The details of the bonds are as under :

For any query, mail us: jainbroker@yahoo.in

Download Application Form

Issue Details:

• Issue Opens: 19-Mar-2012
• Issue Closes: 30-Mar-2012
• Issuence Form: Dematerialized / Physical mode (as applied)
• Date of Allotment: To be intimated to Stock Exchanges later
• Lock-in-period: 5 years from the deemed date of allotment
• Tenore: 10 years from date of allotment
• Trading: Dematerialized bonds are tradable after lock-in-period
• Buy-Back: One day after lock-in-period

Specific Terms for Tranche 3 Bonds:

Series	1	2
Issuer	Infrastructure Development Finance Company Ltd. (IDFC)
Frequency of Interest payment	Annual	Cumulative
Face Value per Tranche 3 Bond	5,000/-	5,000/-
Buyback  Facility	Yes	Yes
Buyback  Date	Date falling five years and one day from the Deemed Date of Allotment	Date falling five years and one day from the Deemed Date of Allotment
Buyback  Amount	Rs. 5,000 per Tranche 3 Bond	Rs. 7,495 per Tranche 3 Bond
Buyback  Intimation Period	The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date
Maturity Date	10 years from the Deemed Date of Allotment
Interest Rate	8.43%	N. A.
Maturity Amount	Rs. 5,000/- per Tranche 3	Rs. 11,230/- per Tranche 3
Yield on Maturity	8.43%	8.43% compounded annually
Yield on Buy Back	8.43%	8.43% compounded annually
Minimum Application	Two Tranche 3 Bonds and in multiples of one Tranche 3 bond thereafter.
Credit Rating	LAAA by ICRA, the highest credit quality rating assigned by ICRA, indicating a stable outlook and AAA(Ind) by Fitch, indicating a stable outlook

Note: Cheque / DD should be drawn in favour of “IDFC Infra Bonds Tranche 3”