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IDFC Infrastructure bond 2011
For more information regarding this, you can visit the official site of IDFC. Please visit this link for more information http://www.idfc.com/media_room/press_releases17.htm.
The Infrastructure Development Finance Company Limited also called IDFC is one of the India’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services. The (IDFC) Infrastructure Development Finance Company Limited has invites online Bond Application Form from 17 January 2011 to February 4th 2011 on it’s official website. The Tranche 2 Bonds will be issued on the terms set out in the prospectus filed by IDFC with the Registrar of Companies (ROC), Tamil Nadu.
Ten year bonds, of face value Rs 5000 each.
* Tranche 2 Bonds to be issued in physical and in dematerialized form; option with investor
* Credit rating of:
o LAAA by ICRA, the highest credit quality rating assigned by ICRA, indicating a stable outlook
o AAA(Ind) by Fitch, indicating a stable outlook
* Issue opens January 17, 2011 and closes February 4, 2011
* To be issued in two series, both with buyback option but with different interest payment options
* Proposed to be listed on BSE and NSE. The bonds are tradable, post lock-in period of five years. “We have a total sanction of Rs 3,400 crore for this fiscal (2010-11) out of which we have already done Rs 480 crore through first issue in Sep 2010.” Says IDFC Director S Venkatraghavan
* Tranche 2 Bonds to be issued in physical and in dematerialized form; option with investor
* Credit rating of:
o LAAA by ICRA, the highest credit quality rating assigned by ICRA, indicating a stable outlook
o AAA(Ind) by Fitch, indicating a stable outlook
* Issue opens January 17, 2011 and closes February 4, 2011
* To be issued in two series, both with buyback option but with different interest payment options
* Proposed to be listed on BSE and NSE. The bonds are tradable, post lock-in period of five years. “We have a total sanction of Rs 3,400 crore for this fiscal (2010-11) out of which we have already done Rs 480 crore through first issue in Sep 2010.” Says IDFC Director S Venkatraghavan
