IIFCL's 6.85 % 5 Years Tax Free Bonds

The 2nd tranche of Private Placement of 6.85% Tax free Bonds Issue

The 2nd tranche of Private Placement of 6.85% Tax free Bonds Issue with 5 years Tenor and unconditionally and irrevocably guaranteed by Government of India for timely payment of principal and interest shall open on February 18, 2009 and close on March 6, 2009. The deemed date of allotment shall be March 6, 2009. The Issue can be closed earlier/extended at the discretion of the Management of IIFCL. The deemed date of allotment shall also get extended in case of extension of the date of closure of the Issue. The face value of the Bond shall be Rs. 1,00,000 with minimum application size of 10 Bonds and thereafter in multiple of one Bond. The Company shall pay interest @ 6.85% on application money from the date of realization of the subscription upto one day prior to deemed date of allotment subject to TDS, if any. The Tax Free Bonds shall be issued in dematerialized form and listed on WDM Segment of BSE and NSE.


for further email at IIFCL@taxkiller.in

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