Monday, September 27, 2010

IDFC LONG TERM INFRASTRUCTURE BONDS 2010

IDFC LONG TERM INFRASTRUCTURE BONDS

 Features of the issue:
·         First public issue of bonds by an infrastructure finance company under Sec 80 CCF.
·         Credit rating agency ICRA has rated the Bonds under this offer as “LAAA” with stable outlook, indicating highest safety.
·         These bonds will be issued only to Resident Indian Individuals (Major) and HUF.
·         The bonds are fully secured with first floating pari-pasu charge over certain receivables of the  company and first fixed pari pasu charge over specified immovable properties of the Company. The security cover is 1.0 times of the outstanding Bonds at any point in time.
·         The Bonds bear an attractive combination of coupon rate ranging between 7.5% and 8% p.a coupled with tax benefits of upto Rs. 20,000 under Sec 80 CCF.
·         First public issue of bonds by an infrastructure finance company under Sec 80 CCF.
·         Credit rating agency ICRA has rated the Bonds under this offer as “LAAA” with stable outlook, indicating highest safety.
·         These bonds will be issued only to Resident Indian Individuals (Major) and HUF.
·         The bonds are fully secured with first floating pari-pasu charge over certain receivables of the  company and first fixed pari pasu charge over specified immovable properties of the Company. The security cover is 1.0 times of the outstanding Bonds at any point in time.
·         The Bonds bear an attractive combination of coupon rate ranging between 7.5% and 8% p.a coupled with tax benefits of upto Rs. 20,000 under Sec 80 CCF.
·         There are 4 investment options, suiting the needs of different categories of investors.
·         No TDS shall be deducted.
·         The bonds will be listed on NSE & BSE and can be traded after the 5 year lock - in period.
·         Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
·         Under Section 80 CCF of the I.T. Act, an investor in such infrastructure bonds will be entitled to tax deduction of investments of up to Rs. 20,000. The deduction is over and above the Rs1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.




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5 comments:

  1. How do we subscribe to these bonds? Where should I go to get the application?

    ReplyDelete
  2. Please send us your postal address and contacts, we ‘ll dispatch the forms.

    We will inform you the collection centre near you where you have to submit it.
    Note: Demat A/c is mandatory and PAN Card copy.

    ReplyDelete
  3. How do we subscribe to these bonds? Where should I go to get the application?
    jnbarc37@hotmail.com

    ReplyDelete
  4. Dear Sir,

    We will dispatch you form.
    Inform no. of forms required and address & contact no. at info@safeinvestindia.com

    ReplyDelete
  5. How are the post tax yields mentioned above calculated?

    ReplyDelete