IDFC Infrastructure Bonds 2012

IDFC has come up with its second tranche of Long Term Infrastructure Bonds for financial year 2011 – 12. These Bonds would be for a period of ten year. The company has offered an option to buyback the bonds from the investors at the end of five years. These bonds have got the highest credit rating of (ICRA) AAA by ICRA and Fitch AAA(ind) by Fitch.

Issue opens: January 11, 2012

Issue closes: February 25, 2012


Issue Structure: 

The Bonds, with a maturity of ten years, will be issued in two series.
Series-1: Carry a 8.70% coupon, payable annually; with a buyback option#
Series-2: Cumulative option, 8.70% coupon, compounded annually; with a buyback option#

#: after expiry of lock in

Website: http://www.idfc.com/infrastructure_bond/

Series	1	2
Face Value	Rs 5000 per bond	Rs 5000 per bond
Minimum number of bonds per application	Minimum Two + Multiples of One	Minimum Two + Multiples of One
Interest payment	Annual	Cumulative
Interest Rate	8.70% p.a.	N.A.
Maturity Amount per Bond	Rs 5,000	Rs 11,515
Maturity	10 years from the deemed date of allotment	10 years from the deemed date of allotment
Yield on Maturity	8.70%	8.70% compounded annually
Buyback Facility	Yes	Yes
Yield on Buyback	8.70%	8.70% compounded annually
Buyback Date	Date following 5 years and one day from the deemed date of allotment	Date following 5 years and one day from the deemed date of allotment
Buyback Amount	Rs 5,000 per bond	Rs 7,590 per 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	The period beginning not before nine months prior to the buyback date and ending not later than six months prior to the buyback date

[Source: www.idfc.com]