Monday, 28 November 2011

IDFC Infrastructure Bonds - 2011-2012

IDFC is issuing the bonds in two series. Basic difference between these is that interest on series 1 will be paid annually and series 2 will be paid on buyback or maturity.

IDFC bonds have following  Credit Ratings:
CARE AAA
[FITCH] AAA(ind)

Series
1
2
Face Value
http://www.idfc.com/images/rupee_symbol.jpg 5,000 per Bond
Minimum number of bonds per application
Two bonds and in multiples of one bond thereafter. For the purpose of fulfilling the requirement of minimum subscription of two bonds, an applicant may choose to apply for two bonds of the same or different series.
Interest payment
Annual
Cumulative
Interest  Rate
9% p.a.
N.A.
Maturity Amount per Bond
http://www.idfc.com/images/rupee_symbol.jpg 5,000
http://www.idfc.com/images/rupee_symbol.jpg 11,840
Maturity
10 years from the deemed date of allotment
Yield on  Maturity
9%
9% compounded annually
Buyback Facility
Yes
Yield on Buyback
9%
9% compounded annually
Buyback Date
Date following 5 years and one day from the deemed date of allotment
Buyback Amount
http://www.idfc.com/images/rupee_symbol.jpg 5,000 per bond
http://www.idfc.com/images/rupee_symbol.jpg 7,695 per bond
Buyback Intimation Period
The period beginning not before nine months prior to the buyback date and ending not later than six months prior to the buyback date

Please visit IDFC website for downloading application form and prospectus.
Following are the brokers of this issue. If you have Demat A/C with any of them, you should check with your broker, if they have easier process for subscription.
BROKERS TO THE ISSUE
Almondz Global Securities Limited
Karvy Stock Broking Limited
Bajaj Capital Investor Services Limited
Kotak Securities Limited
Enam Securities Private Limited
NJ India Invest Private Limited
Edelweiss Broking Limited
RR Equity Brokers Private Limited
HDFC Securities Limited
Sharekhan Limited
IDBI Capital Market Services Limited
SMC Global Securities Limited
JM Financial Services Private Limited
SBI Cap

Otherwise you need to submit you filled application form with cheque attached to any of the following banks.
BANKERS
HDFC Bank Ltd.
IndusInd Bank Ltd.
ICICI Bank Ltd.
Dhanalakshmi Bank Ltd.
IDBI Bank Ltd.
ING Vysya Bank Ltd.
Axis Bank Ltd.
Kotak Mahindra Bank

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