Issuer | Indian Railway Finance Corporation Limited |
Issue Opening Date | January 27, 2012 |
Issue Closing Date | February 10, 2012 |
Instrument | Tax-Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures |
Min Application Size | Rs 10,000/- |
Thereafter in multiples of | Rs 5,000/- |
Interest on Refund | 4% p.a |
Interest on application money | 8% p.a. |
Credit Rating | “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE and “ICRA AAA” by ICRA Limited |
Issue Size | Rs. 3,000 Crore with an Green Shoe option (option to retain oversubscription) of up to Rs. 6,300 Crore |
Security | The Bonds issued by the Company will be secured by creating a charge on the movable assets of the Company comprising of rolling stock such as wagons, locomotives and coaches by a first /paripassu charge, present and future, as may be agreed between the Company and the Debenture Trustee, pursuant to the terms of the Debenture Trust Deed. |
Tranche | Series-I | Series-II |
Tenor | 10 Years | 15 Years |
Put Call Option | None | None |
Maturity/ Redemption | At par on the expiry of 10th Year from the Deemed Date of Allotment | At par on the expiry of 15th Year from the Deemed Date of Allotment |
Annual Coupon |
Retail Investors (Category III) | 8.15% | 8.30% |
Other Investors (Category I & II) | 8.00% | 8.10% |
Note: | The differential rate for retail investor shall be applicable only to the first allottee. In the event of Sale/Transfer by the original allottee of a retail bond, the subsequent allottee will get the rates of the other investors’ category. |
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