Sunday, June 05, 2011

2011 IFCI Bonds Issue; IFCI TIER II Bonds Price Band & Dates

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: tier2bonds@ifciltd.com; 
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: ifcitier2@linkintime.co.in 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 .

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