India Infoline Finance Limited, IIFL - Rs 500-cr Non-Convertible Debentures, NCD issue opens on Sept 5, Key Features and download the application form

India Infoline Finance Limited, IIFL - Rs 500-cr Non-Convertible Debentures, NCD issue opens on Sept 5, Key Features and download the application form

The issue will open on 5th September and will close on September 18th. The issue has 4 inverstment options and the yield on redemption.
Monthly Intrest Payment : 13.52 %
Annual Intrest Payment : 12.75 %
Redemption Premium : 12.75 %.

The face value of India Infoline Finance’s unsecured redeemable Non-Convertible Debentures of Rs 500 crore is fixed at Rs 1,000. The NCDs will be in the nature of subordinated debt and will be eligible for Tier-II capital, said IIFL in a press release. This means, in the case of default, creditor with subordinated debt would not get paid out until after the senior debt-holders were paid in full.

Highlights :

Credit Rating : ICRA – ‘AA-/Stable’ &  CRISIL – ‘AA-/Stable’
Issue Opening Date – September 5, 2012
Issue Closing Date – September 18, 2012
Issue Size (Rs in Crs) : Public Issue of NCDs aggregating up to Rs. 250 crs with an option to retain oversubscription up to Rs 250 crs.
Tradable NCDs to be listed in  NSE and BSE.
Monthly option yield @ 13.52% p.a
No Tax Deduction at Source on Intrest
Monthly, Annual and cumulative intrest options
Minimum application : Rs. 5,000 or 5 NCDs and in multiples of Rs. 1,000 or 1 NCD thereafter.

For More Details,
SMS NCD TO 56006
or
Give a missed call on 08030088501 or call on +91-9167997558

CLICK HERE TO DOWNLOAD THE APPLICATION FORM AND GET MORE DETAILS