IDFC Infrastructure Bonds FY 2011 – 2012 Tranche 2

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This is the second time in this financial year Infrastructure Development Finance has come up with infrastructure bonds issue.The issue starts from 11^th January and closes on 25^th February 2012. Credit rating and the interest rates are same as the earlier issue which closed a month back.

Bonds have also been issued for the tranche 1. Bonds for trabche2 are expected to be issued in March last week. IDFC has a better credit rating than other infrastructure finance companies which are allowed to issue section 80 CCF long term bonds. It’s a very big issue when the size is compared to the others. 

 

Issue Facts:

Face Value: Rs 5000

Minimum Subscription:  2 Bonds i.e. Rs 10,000

Issue Size: 5000 Crores

Listing: BSE and NSE

Depositories: CDSL, NSDL

Bonds issuance: Physical mode as well as Demat mode

Registrar: Karvy Computer Share

Credit Rating:  ICRA AAA and FITCH AAA

Type of bonds:  Unsecured, redeemable and non-convertible.

Open Date: January 11^th  2012

Close Date: February 25^th 2012

 

The issue has got 2 series. The below table provides you the details.

Series	Series – 1	Series – 2
Interest Rate	8.7%	8.7%
Buy Back Facility?	Yes	Yes
Buy Back Date	First working day after 5 Years	First working day after 5 Years
Maturity period	10 Years	10 Years
Interest Frequency	Annual	Cumulative (At the time of buy back/maturity)
Redemption Amount (if you stay invested till maturity)	Rs 5000	Rs 11,515
Buy Back Amount (after 5 years, if you exercise)	Rs 5000	Rs 7590

 

Please refer to  http://lastbull.com/infrastructure-bonds-fy-2011-%E2%80%93-2012/ for the list of infrastructure bonds for the current financial year.

Brief Description of the Company:

IDFC is a leading financial services company formed in 1997 to promote infrastructure development. Its major focus is on energy, transportation, telecom & IT

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Related posts:

1. L&T Infrastructure Bonds FY 2011 – 2012 Tranche 2
2. SREI Infrastructure Bonds FY 2011 – 2012 Tranche 1
3. IFCI Infrastructure Bonds FY 2011 – 2012
4. L&T Infrastructure Bonds FY 2011 – 2012
5. PFC Infrastructure Bonds FY 2011 – 2012

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