Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Tuesday, January 24, 2012


Indian Railway Finance Corporation Limited (IRFC) has issued Tax Free Bonds to raise money from the market to finance the outlay of Indian Railways. The issue would open for subscription from Friday, January 27, 2012 and the scheduled date of closure would be Friday, February 10, 2012

Issue Size and Credit Ratings:
The issue size is Rs. 6,300 crores and the issue has been rated CRISIL AAA and CARE AAA by CRISIL and CARE respectively, which is their highest rating. Out of the total issue size, 30% would be reserved for Retail Investors (Retail Investor can make investment upto Rs.5 Lakhs)

Face Value and Minimum Investment
The Face Value of each bond would be Rs.5,000/- and the minimum investment would be Rs.10,000/-. The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under Section 10 (15) of IT Act. Moreover, there will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors

Interest Rate and options available:

The bonds will have two series which can be opted for. The details are as under:



Particulars Series I Series II
Face Value Rs. 5,000 Rs. 5,000
Period 10 years 15 years
Interest Rate: Retail 8.15% 8.30%
Interest Rate: Others 8.00% 8.10%
Payment Annual Annual

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers