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IDFC infrastructure bonds Details - open as on 21 Nov 2011


IDFC Ltd. was incorporated in 1997 and got listed in August 2005. It is one of the leading knowledge driven financial services company in India and plays a central role in advancing infrastructure development in the country. Company has been classified by RBI as an Infrastructure Finance Company.



Key Highlights:



1. Investment upto Rs. 20,000 in IDFC Infrastructure Bonds – Tranche 1 will be eligible for exemption under section 80CCF of the Income Tax Act, 1961



2. Interest rate under both the options is 9% per annum. Interest under option 1 will be payable annually and interest under option 2 will be payable cumulatively (compounded annually)


3. Buyback facility is offered under both the options at the end of 5 years and one day from the Deemed Date of Allotment

4. Maturity will be at the end of 10 years from the Deemed Date of Allotment

5. Minimum Investment required in IDFC Tranche 1 Issue is Rs. 10,000.

6. Investors will be having an option to hold the Bonds in physical form or demat form.

7. ICRA has assigned (ICRA)AAA rating and Fitch has assigned Fitch AAA(ind) rating to the bonds proposed to be issued. These are the highest credit ratings awarded by these rating agencies


How Much Interest rate in this Bond ?



Interest rate under both the options is 9% per annum.

Tax Benefit adjusted rate of returns (pre-tax) to Investors on Buyback (5year)




















Series


1


2


Tax Slab - 30.90%


19.1%


17.4%


Tax Slab - 20.60%


15.2%


14.2%


Tax Slab - 10.30%


11.8%


11.4%



Tax Benefit adjusted rate of returns (pre-tax) to Investors on Maturity




















Series


1


2


Tax Slab - 30.90%


15.2%


13.1%


Tax Slab - 20.60%


12.8%


11.5%


Tax Slab - 10.30%


10.7%


10.2%



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