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Mr.Achal KumarGupta,Dy.Managing Director,IFCI addressing media. |
IFCI LIMITED
Public Issue of Secured Redeemable,Non Convertible
Debentures.
IFCI Ltd. a company Promoted by Government of India,a Systemically Important Non Deposit Taking NBFC classified
by RBI is issuing NCD's with
face value of Rs.!000/- each
aggregating to Rs.250 crores
with a green shoe option to retain oversubscription upto the limit of Rs.2000 crores.
The NCD's are rated
"BWR AA- (Outlook-Stable) by Brickwork Rating India Pvt.Ltd., & "ICRA A (Stable)
by ICRA Ltd.Minimum investment is Rs.10,000/- (10 NCD's).
The NCD's with a tenure of 5 years having annual coupon pay out option, will have
a coupon rate of 9.80% p.a for all categories of investors.The NCD's with tenure of 5
years ,having monthly coupon payput option,will have a coupon rate of 9.40%p.a for
all categories of investors.
The NCD's will be listed on the BSE & NSE.The designated stock exchange for
the issue is BSE. The NCD's can be issued either in Demat or in Physical from.
Tranche 1 issue opened for subscription on October,20,2014 and is scheduled to
close on November,21,2014.
SBI Capital Markets Ltd.,A.K.Capital Services Ltd.,Edelweiss Financial Services Ltd.,
and RR Investors Capital Services Private Limited are the lead Managers to the issue.
Axis Trustee Services Ltd., is the Debenture trustee & Karvy Computershare Pvt.Ltd.,
is the Registrar to the issue.
Tranche 1 issue opened for subscription on October,20,2014 and is scheduled to
close on November,21,2014.
SBI Capital Markets Ltd.,A.K.Capital Services Ltd.,Edelweiss Financial Services Ltd.,
and RR Investors Capital Services Private Limited are the lead Managers to the issue.
Axis Trustee Services Ltd., is the Debenture trustee & Karvy Computershare Pvt.Ltd.,
is the Registrar to the issue.
For more information and risk factors,please read the prospectus & the compliance
officer's e mail is: bondscomplianceofficer@ifciltd.com
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