|Mr.Rajiv Datt,Mg.Director,Mr.S.K.Ajmani,Company Secretary&GM|
Indian Railway Finance Corporation Limited,(IRFC) a Government of India Enterprise,is coming out with a Public Issue of tax free,secured redeemable,non convertible Bonds of face value of Rs.1000/- each in the nature of debentures.
IRFC has been authorised to issue bonds(having benefits under section 10(15)(iv)(h) of the Income Tax Act,) upto an aggregate amount of Rs.10,000 crores during the fiscal 2013.
IRFC has been classified as Infrastructure Finance Company.These bonds being offered, as part of Tranche -1 shall bear a fixed rate of interest and are under two series,series-1 and seriesII having a tenure of 10 years and 15 years,respectively.Incase of series I ,the interest rate of 7.68% p.a is applicable to retail individual investors. For more details regarding the offering by IRFC,please visit the websites of www.bseindia.com & www.nseindia.com.
CREDIT RATING: CRISIL:AAA/STABLE, ICRA-AAA, CARE:AAA.
LISTING: The Bonds are proposed to be listed on BSE and NSE within 12 working days of the issue closing date.
Date of Opening:January,21,2013 and Date of Closing: January,29,2013.