SREI Infrastructure Finance (SIFL) has announced a public issue of long term infrastructure bonds which offer tax benefit u/s 80 CCF, classified as infrastructure bonds.
Issue Opens – 31st December 2011
Issue Closes – 31St January 2012
Face Value Rs 1000/- per bond.
Details:
| 1 | 2 | 3 | 4 | |
| Face Value | Rs 1000/- | Rs 1000/- | Rs 1000/- | Rs 1000/- |
| Interest Payment | Annual | Cumulative | Annual | Cumulative |
| Buyback | 5 Years | 5 Years | 5 Years | 5 Years |
| Interest Rate | 8.90% p.a. | 8.90% p.a. | 9.15% p.a. | 9.15% p.a. |
| Maturity | 10 Years | 10 Years | 15 Years | 15 Years |
Minimum Application: 1 Tranche 1 Bond and in multiples of 1 Tranche 1 Bond thereafter. An Applicant may choose to apply for the Tranche 1 Bonds across the same series or different series.
Rating(s): The Bonds have been rated CARE AA (Double A) by CARE.
Lead Managers: ICICI Securities Limited, Karvy Investor Services Limited, RR Investors Capital Services Private Limited and Srei Capital Markets Limited.
Co-Lead Manager: SMC Capitals Limited and Bajaj Capital Limited
Investologic Review:
- REC is offering a bit higher interest rate and looks better as it being a company controlled by GOI and has better credit rating.
- You may wait for more infra bond issues to come.
- Also you may check out SREI infra’s prospectus for more details.
Download Form
You can get in tough with Harish for SREI Infra Bonds Forms. Email id – harish@investologic.com
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