India Infoline NCD Issue @12.68% – Sep 2013
India Infoline Finance Limited (“Company” or “Issuer”), an
NBFC subsidiary of India Infoline Limited, is launching a Public Issue of Secured Redeemable
Non-Convertible Debentures of face value of Rs 1,000 each (“NCDs”) on September 17, 2013.
The NCDs have an option of monthly and annual interest payment and the yield works out to 12.68% p.a. for the monthly interest option and 12%p.a. for the annual interest option. The face value of NCD is Rs. 1,000 and minimum application is Rs. 5,000 (5 NCDs). The NCDs have an investment horizon of 3 years and 5 years. The issue closes on October 4, 2013.
The NCDs have an option of monthly and annual interest payment and the yield works out to 12.68% p.a. for the monthly interest option and 12%p.a. for the annual interest option. The face value of NCD is Rs. 1,000 and minimum application is Rs. 5,000 (5 NCDs). The NCDs have an investment horizon of 3 years and 5 years. The issue closes on October 4, 2013.
Issue Highlights
|
Type
of Instrument
|
Secured,
Redeemable, NCD
|
|
Issue
Open
|
17
Sep, 2013
|
|
Issue
Close
|
04
Oct, 2013
|
|
Face
Value
|
Rs.
1,000
|
|
Min.
Application Size
|
5
NCD (Rs.5000) & multiply of 1 NCD thereafter
|
|
Interest
|
Annual
& maturity
|
|
Mode
of Allotment
|
D'mat
& Physical Form
|
|
Rating
|
AA by
CARE, BWR AA by BRICKWORK
|
|
Listing
|
BSE
, NSE
|
Cheque / DD should be drawn in favour of "IIFL – NCD Escrow – R " by all applicant
The NCDs proposed under this Issue have been rated ‘CARE AA’[Double A] by CARE and ‘BWR AA (Outlook:Stable)' by Brickwork. The rating indicates instruments are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
The NCDs will be listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) and will have a tradable lot size of 1 NCD.
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