| Issue Period: 21 Jan 2013 to 29 Jan 2013 |
Key Benefits:- Indian Railway Finance Corporation Ltd is fully owned by the government of India
- Credit Ratings: AAA/Stable by CRISIL, AAA by ICRA and CARE
- Interest on these Bonds is Tax-Free, no TDS is applicable, Wealth Tax is not levied
- No lock in period and no upper limit on investment amount
- Issue Size: Rs 1,000 Crores with an option to retain oversubscription upto Rs 8,886.40 Crores
- Additional Coupon Rate of 0.50% p.a. for Category IV Applicants
- Eligible NRIs can invest in Category III or IV
Issue Structure: Issue of Tax Free Secured Redeemable Non Convertible Bonds
| Options / Series of Bonds | Series 1 | Series 2 | | Tenor | 10 years | 15 years | | Coupon Rate % p.a. (Category I, II and III) | 7.18 | 7.34 | | Additional Coupon Rate % p.a. (Category IV) | 0.50 | 0.50 | | Total Coupon Rate % p.a. (Category IV) | 7.68 | 7.84 | | Frequency of Interest payment | Will be paid on 15 Oct every year | | Face Value / Issue Price per Bond | Rs 1,000 | | Minimum Application | Rs 5,000 (in multiples of Rs 1,000 thereafter) | | Issuance | Physical and Demat mode | | Interest on application % p.a. | As per coupon rate applicable to investor category | | Interest on refund % p.a. | 5.0 | | Proposed to be listed on | Proposed to be listed on BSE and NSE |
Basis of Allotment : On first come first serve basis
| Investor Category | I - Institutional | II - Non Institutional | III - HNI (more than 10 lacs) | IV - Retail (upto and including 10 lacs) | | Issue allocation | 20% | 20% | 20% | 40% | - When Bonds held by the original allottees of Category IV are sold / transferred, coupon rate will be revised to the coupon rate for Category I, II & III investors. Refer to details.
* For the purpose of information only, invest only after referring to the final prospectus. |
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