Indian Railway Finance Corporation Ltd has come up with the Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures
The issue opens on January 27′ 2012 and ends on February 10′ 2012.
The issue is secured and rated “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE & “[ICRA] AAA” by ICRA.
|Series||Tranche 1 Series I||Tranche 1 Series II|
|Tenor ^||10 Years||15 Years|
|Face Value per Bond||Rs. 1,000||Rs. 1,000|
|Minimum Application||Rs. 10,000 (10 Bonds)||Rs. 10,000 (10 Bonds)|
|In Multiples of||Rs. 5,000 (5 Bonds)||Rs. 5,000 (5 Bonds)|
|Frequency of Interest Payment||Payable annually||Payable annually|
|Interest Payment Date||October 15, every year||October 15, every year|
|Coupon Rate for applicants under Category I & II||8.00% p.a.||8.10% p.a.|
|Coupon Rate for applicants under Category III *||8.15% p.a.||8.30% p.a.|
|Redemption/Maturity Date||At the end of 10 years from the DeemedDate of Allotment||At the end of 15 years from the DeemedDate of Allotment|
|Redemption Amount||Repayment of the Face Value plus any interest that may have accrued at the Redemption Date||Repayment of the Face Value plus any interest that may have accrued at the Redemption Date|
Mode of payment
1. At par cheques
2. Demand Drafts
Cheque / Demand Draft in favor?
-The payment instruments from non-NRI and non-FII applicants shall be payable into the Escrow Account drawn in favour of “IRFC Tax Free Bonds – Escrow Account – Tranche I”.
-The payment instrument from NRI applicants shall be payable in the NRI Escrow Account drawn in favour of
“IRFC Tax Free Bonds – NRI Escrow Account – Tranche I”.
-The payment instrument from FII applicants shall be payable in the FII Escrow Account drawn in favour of
“IRFC Tax Free Bonds – FII Escrow Account – Tranche I”.
For More Details check out the link below:
Locations for IRFC (to submit the application form)
Click here to Download Application Form
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 email@example.com, Please keep the acknowledge Slip with you.