Tax Saving Bonds – SREI Infra Bonds Tranche 1


SREI Infrastructure Finance (SIFL) has announced a public issue of long term infrastructure bonds with a face value of Rs 1000 each in the form of secured redeemable non-convertible debentures, to be issued in one or more tranches not exceeding Rs 500 crore for the fiscal 2011-12, having benefits under section 80CCF of the Income Tax Act, 1961.

 

Srei’s tax-saving long term infrastructure bonds details

• Issue of first tranche of infrastructure bonds (“Bonds”) by the Company under Section 80CCF of the Income Tax Act, 1961

• Resident individuals and HUFs eligible for deduction of up to Rs 20,000 in computation of taxable income for the current financial year

• “CARE AA” Credit Rating by CARE indicating high degree of safety with regards to timely servicing of financial obligations.

• The Bonds Issue opened on December 31, 2011 and closes on January 31, 2012 (extended till March 6, 2012)

• The Bonds are proposed to be listed on BSE Limited

Details:

  1 2 3 4
Face Value Rs 1000/- Rs 1000/- Rs 1000/- Rs 1000/-
Interest Payment Annual Cumulative Annual Cumulative
Buyback 5 Years 5 Years 5 Years 5 Years
Interest Rate 8.90% p.a. 8.90% p.a. 9.15% p.a. 9.15% p.a.
Maturity 10 Years 10 Years 15 Years 15 Years

Minimum Application: 1 Tranche 1  Bond and in multiples of 1  Tranche 1  Bond thereafter. An  Applicant may choose to apply for  the Tranche 1 Bonds across the same  series or different series.

 

For More Details click below

SREI Infrastructure Tax Saving Bonds – Srei Infra Bonds Details

To download form SREI INFRASTRUCTURE BONDS FORM click here

Important: You must write application number before submitting the application, click here for application number

Note: Please keep the photo copy of duly filled application form with you for your records, in case you did not receive the information about allotment in 45 days then you can contact at contactcorpus@gmail.com, please keep the
Acknowledge Slip with you.

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