The latest company to offer 80CCF infrastructure bonds is IFCI, and they also happen to have the highest interest rate (but not by that much).
The 10 year option offers 9.09% which is 9 basis points higher than the IDFC and L&T Infrastructure issue, and the 15 year option has 9.16% which is 16 basis points higher than the other issues.
Since this issue is unsecured as opposed to the other issues that were secured, and the credit rating of this issue is lower than the other ones – I would think that this extra bit of interest rate isn’t enough of a sweetener to make a change in anyone’s preference.
The issue opened on the 30th November 2011 and will close on January 16 2012, so of all the issues that have come out so far – this one will remain open the longest.
There haven’t been any additional questions about infrastructure bonds since the last time I wrote about them so I will keep this a short post, and present the key information of this issue in the table below.
| Series |
1 |
2 |
3 |
4 |
| Face Value |
Rs. 5,000 |
Rs. 5,000 |
Rs. 5,000 |
Rs. 5,000 |
| Interest Payment |
Cumulative |
Annual |
Cumulative |
Annual |
| Coupon Rate |
9.09% |
9.09% |
9.16% |
9.16% |
| Term |
10 years |
10 years |
15 years |
15 years |
| Buyback option |
At the end of 5th and 7th year |
At the end of 5th and 7th year |
||
Like the other bonds – these one will list on the stock exchange after the initial 5 years are over and they will list on the BSE.
I can’t think of adding anything else, but if you have any questions or observations then please leave a comment.
what is procedure to redeem IV series bond, who is contact person and where?
MY INTERE STWARRANT FOR2015/16 NOT RECEIVED PL.SENT URGENTLY
MY INTEREST WARRANT NOT RECEIVED TILL NOWFOR2015/16PL.SEND ATONCE.
ALL THE LINKS SUGGESTED BY YOU FOR IFCI TAX FREE INFRA
BOND SERIES II ARE NOT WORKING KINDLY CHEKUP FROM
YOUR END. IF THESE ARE WORKING ,PLEASE KINDLY EXPLAIN
US MY MOBILE NO 9228749794 & EMAIL IS AS UNDER
[email protected]
please expedite
have not received bond documents. applied in dec 2011 , INE 039A090F-3(10YRS) , mob 9811594678
Sir,
I had applied for series IV infra bonds of IFCI and had paid sum of Rs. 20000/- through Punjab National Bank (Cecil Hote Branch GT Road Ambala Cantt Branch) Chq no 974456 -000024000 dated 21-01-2012 in financial year 2011-12 and I have not received my certificates so far.
Can some one will please suggest / help me, to whom I should contact on phone or E-mail address where I can send my grievance. Can some one please provide me a Senior Authority’s contact details – email ID/Phone number whom I can contact to resolve my heart this burning problem.?
Thanks,
From:-
BHUPINDER SINGH
House No 939/1 , Jogi Wara,
behind Vishva Karma Mandir Ambala City. (HARYANA).
MOB:- 09416010348
Hi… you need to contact Karvy Computershare for your grievances at 1800-3454-001 or mail them at [email protected] and [email protected]
You can check the status of your application on this link:
http://mis.karvycomputershare.com/ipo/
Sir,
I had applied for series IV infra bonds of IFCI and had paid sum of Rs. 20000/- through Punjab National Bank (Cecil Hote Branch GT Road Ambala Cantt Branch) Chq no 974456 -000024000 dated 21-01-2012 in financial year 2011-12 and I have not received my certificates so far.
Can some one will please suggest / help me, to whom I should contact on phone or E-mail address where I can send my grievance. Can some one please provide me a Senior Authority’s contact details – email ID/Phone number whom I can contact to resolve my heart this burning problem.?
Thanks,
From:-
BHUPINDER SINGH
House No 939/1 , Jogi Wara,
behind vishva Karma Mandir Ambala cITY. (HARYANA).
MOB:- 09416010348
Hi ,
I applied for series IV infra bonds of IFCI , paid Rs. 20000/- through Axis Bank in financial year 2011-12 and I am yet to receive my certificates . I have been making communicating with their offices , but I have been getting a stereo type reply through mail asking me to sign some indemnity bond and get it notarised to get a duplicate copy . I have not received my original certificate and now they are wanting me to get into a formality for my duplicate certificate which will involve some expenditure for no fault of mine .
Can some one please suggest as to what should I do next ! Also , can some one please provide me a senior authority’s contact details – email ID/Phone number whom I can contact for my problem !
Thanks,
Hasmukh
i meant dear manshu and shiv. . .
dear sahil and shiv, muthoot fincorp which is not related to gold group as well as the gold group both are out with fresh ncd with 13 pc and more rate of interest.
Thanks Sahil – I couldn’t find their offer document or any other link that had a lot of details about them.
after ifci infra dhamaka here comes all we want- more than 13 pc rate ncd from muthoot gold
Have they come out with a new issue Sahil?
Manshu,
IFCI came out with Series IV so soon. Looks like competition. They had series III in November and i had applied for it. Is there any way we can check the allotment status?
I checked my demat and the same has not yet reflected.
Rakesh
No Rakesh, I’m afraid I don’t know of a way to look at that. In fact I wasn’t even aware that they had already come out with a series in November.
IFCI allotment is on 12th Dec.2012.
common citizens of india, go for it as there is one hidden surety for this bonds. as ifci is under indirect control ofv our central govt.
what is this ludicrous thing about common citizens of India? Everyone has to manage risk and look out for himself or herself. If you want to ignore that for an extra Rs. 18 then that’s totally your decision but asking “common citizens of India” to do something or the other is ridiculous.
i still remember the precious help in form of complete rescue of uti by central govt