IFCI Infrastructure Bonds 2012

IFCI Limited is issuing its fourth series of Long Term Infrastructure Bonds for financial year 2011 – 12. Eligible investors include Resident Indian Individuals (Major) and HUFs through Karta of the HUF . These bonds are Unsecured, Redeemable, Non-Convertible Long Term Infrastructure Bonds - Series IV, having benefits under section 80 CCF of the Income Tax Act, 1961 for investment upto Rs.20,000/-. These bonds are 'BWR AA-' by Brickwork Ratings India Pvt. Limited CARE 'A ' by CARE Ratings (Credit Analysis & Research Ltd.) 'LA' by ICRA Limited

Issue opens: November 30, 2011

Issue closes: February 08, 2012 (Extended from January 16, 2012)

Issue Structure: 

Maturity Period : The Bonds, with a maturity of ten and fifteen years, will be issued in four series.
Series-1:  Annual option with 9.09%, payable annually; with a buyback option after 5 or 7 years#
Series-2: Cumulative option with 9.09%, compounded annually; with a buyback option after 5 or 7 years#

Series-3:  Annual option with 9.16%, payable annually; with a buyback option after 5 or 10 years#
Series-4: Cumulative option with 9.16%, compounded annually; with a buyback option after 5 or 10 years#

#: after expiry of lock in

Website: http://www.ifciltd.com

Series	1	2
Face Value	Rs 5000 per bond	Rs 5000 per bond
Minimum number of bonds per application	Minimum One + Multiples of One	Minimum One + Multiples of One
Interest payment	Annual	Cumulative
Interest Rate	9.09% p.a.	9.09% p.a.
Maturity Amount per Bond	Rs 5,000	Rs 11,935
Maturity	10 years from the deemed date of allotment	10 years from the deemed date of allotment
Yield on Maturity	9.09%	9.09% compounded annually
Buyback Facility	Yes	Yes
Yield on Buyback	9.09%	9.09% compounded annually
Buyback Date	Date following 5 years and one day/7 years and one day from the deemed date of allotment	Date following 5 years and one day/7 years and one day from the deemed date of allotment
Buyback Amount	Rs 5,000 per bond at end of 5 years / Rs 5,000 per bond at end of 7 years	Rs 7,725 per bond at end of 5 years / Rs 9,194 per bond at end of 7 years
Buyback Intimation Period	September 15 to November 14 of Calender years 2016 and 2018	September 15 to November 14 of Calender years 2016 and 2018

Series	3	4
Face Value	Rs 5000 per bond	Rs 5000 per bond
Minimum number of bonds per application	Minimum One + Multiples of One	Minimum One + Multiples of One
Interest payment	Annual	Cumulative
Interest Rate	9.16% p.a.	9.16% p.a.
Maturity Amount per Bond	Rs 5,000	Rs 18,618
Maturity	15 years from the deemed date of allotment	15 years from the deemed date of allotment
Yield on Maturity	9.16%	9.16% compounded annually
Buyback Facility	Yes	Yes
Yield on Buyback	9.16%	9.16% compounded annually
Buyback Date	Date following 5 years and one day/10 years and one day from the deemed date of allotment	Date following 5 years and one day/10 years and one day from the deemed date of allotment
Buyback Amount	Rs 5,000 per bond at end of 5 years / Rs 5,000 per bond at end of 10 years	Rs 7,750 per bond at end of 5 years / Rs 12,012 per bond at end of 10 years
Buyback Intimation Period	September 15 to November 14 of Calender years 2016 and 2021	September 15 to November 14 of Calender years 2016 and 2021

[Source: http://www.ifciltd.com]