Tax Saving Bonds under Section 80 CCF : IDFC Infrastructure Bonds Tranche 2

IDFC Infra Bonds

IDFC has again floated its infrastructure bonds, earlier they came with Tranche 1 in December 2011. These Tranche 2 Infrastructure Bonds of Infrastructure Development Finance Company (IDFC) will start its issue from 11th January 2012 and closes on 25th February 2012. The issue is secured and rated ICRA AAA and Fitch AAA from ICRA and Fitch respectively. These are same as the Tranche 1 issue. IDFC plans to raise Rs 5000 crore through this Tranche 2 issue.

Tranche 2 Bonds Summay :-

Issue Opens : 11th January 2012.

Issue Closes : 25th February 2012.

Face Value : Rs 5000 per bond

Minimum Subscription : 2 Bonds means Rs 10,000

Options : Series 1 and Series 2

Interest Rate : 8.70%

Interest Payment : Annual or Cumulative

Mode of holding : Demat or Physical

Credit Rating : “AAA” From ICRA and FITCH

Lock in period is 5 years from date of allotment

Registrar of Issue : Karvy Computershare Private Limited, Hyderabad

IDFC is one of the best financial company of India. The company came into existent in the year 1977 for promoting infrastructure development in India. IDFC provides finance to mainly Energy, Telecome, IT and Transportation sectors.

Please visit 80 CCF Calender 2011-12 for the list of Infrastructure Bonds for the current financial year.

Stay tuned to Bell the Bull Blog for more news on infrastructure bonds !

Tagged as: Income Tax, Infrastructure Bonds