Category Archives: Infrastructure Bond

India Union Budget 2011 – 2012 – See it live

Union Budget 2011 -2012 Highlights PDF uploaded .

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The Union Budget of India, referred to as the Annual Financial Statement[1] in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the last working day of February by the Finance Minister of India in Parliament. The budget has to be passed by the House before it can come into effect on April 1, the start of India’s financial year. Former Finance Minister Morarji Desai presented the budget eight times, the most by any.[2]
Budget Timing
Until the year 2000, the Union Budget was announced at 5 pm on the last working day of the month of February. This practice was inherited from the Colonial Era, when the British Parliament would pass the budget in the noon followed by India in the evening of the day.

It was Mr.Yashwant Sinha, the then Finance Minister of India in the NDA government (led by BJP) of Atal Bihari Vajpayee, who changed the ritual by announcing the 2001 Union Budget at 11 am.[5]

Budget 2011-2012 – see it live as it happens through this link.

Will update with the recorded link soon.

IDFC Long Term Infrastructure Bond – Opening on January 17th 2011

IDFC informed the market that the company is coming out with IDFC Long Term Infrastructure Bond which is public issue by infrastructure Development Finance Company Ltd (the “Company”) of long term infrastructure bonds of face value of Rs 5,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under Section 80 CCF of the income Tax Act, 1961 (the “Bonds”) for an aggregate amount not exceeding Rs 29289.64 million (the “issue”) – Tranche 2, Infrastructure Development Finance Company Ltd has now informed BSE that the Committee of Directors, at its meeting held on January 04, 2011.
They have approved the same in the meeting.

1. Prospectus – Tranche 2 which includes terms and conditions for Tranche – 2; and
2. Issue to open for subscription from January 17, 2011 – February 4, 2010.

IDFC Infrastructure Bond – IDFC Long Term Infrastructure Bond

Infrastructure Development Finance Company (IDFC) which has been accorded the status of infrastructure finance company (IFC). As per the current norms, IFCs can raise long-term funds up to 25% of their gross disbursements in FY10.They have planned to raise long term infrastructure bond.
IDFC Long Term Infrastructure Bond
>Interest Rate of 7.5% or 8.0%
>They have 2 kind of Maturity
1. Ten year maturity: The bond will be issued with a ten year maturity and offer 8.0% interest per annum.
2. Ten year maturity with an option for buy-back after 5 years: The interest rate on this is 7.5% per annum.
>Interest can be paid as accumulate or paid out to you annually.
>Minimum Investment in the IDFC Long Term Infrastructure Bond
The face value of the infrastructure bond is Rs. 5,000, and you have to apply for a minimum of two bonds, so the minimum investment in this infrastructure bond is Rs. 10,000.
>The bond is open now and open from September 30th to October 18th 2010.
Credit Rating
IDFC has received the LAAA by ICRA which is it’s highest rating, and these infrastructure bonds are secured debt also, so in that respect they are relatively safe.
The bond will get listed in both NSE/BSE.
Fund Usage

The bonds would be issued in the form of redeemable non-convertible debentures and would be secured with the receivables and immovable properties of the company. The proceeds from the issue will be mainly used for growing its infrastructure financing business. The company also plans to use a part of the profits generated from the funds to develop the research and policy advisory functions of the government and to train civil servants in managing public private partnership (PPP) infrastructure operations.

To Invest in IDFC Infrastructure Bonds

Darshana Thanawala: 022-4342 2860 22860
Pooja Pawar : 022-4342 2887 22887
Pooja Panchal : 022-4342 2849 22849

Queries : For any Queries on IDFC Infrastructure Bonds

Email : IDFC_StockBroking@idfc.com
Website : www.idfc.com
Call : 022 – 43422 860 / 43422 887 / 43422 849

IFCI Infrastructure Bonds – IFCI Tax Exemption Long Term Infrastructure Bonds

IFCI Tax Exemption Long Term Infrastructure Bonds
Issuer IFCI Limited
Offering 1,00,000 Unsecured, Redeemable, Non-Convertible, Taxable Bonds of Rs. 5,000/- each aggregating to Rs. 50 Crore with a green-shoe option to retain over-subscription for issuance of additional Infrastructure Bonds
Type Private Placement basis
Instrument Unsecured, Redeemable, Non-Convertible, Taxable Bonds having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds
Rating BWR AA- by BRICKWORK RATINGS INDIA PVT LIMITED
Eligible Investors Resident Indian Individual (Major) and HUF through Karta of the HUF
Security Unsecured
Face Value Rs. 5,000/- per bond
Issue Price At par (Rs. 5,000/- per bond)
Minimum Subscription 1 Bond and in multiples of 1 Bond thereafter,
Tenure 10 years, with or without buyback option after five years
Options for Subscription
The Bonds are proposed to provide the following options-
• Option I – Non-cumulative and Buyback after 5 years
• Option II – Cumulative and Buyback after 5 years
• Option III – Non-cumulative and no Buyback
• Option IV – Cumulative and no Buyback
Redemption / Maturity
At par at the end of 10th year from the deemed date of allotment. For Cumulative Option, at par with cumulated interest thereon.
Coupon rate
• Option I & II- 7.85% p.a.
• Option III & IV – 7.95% p.a.
In case of cumulative bonds, interest shall be compounded annually
Listing Proposed to be listed on BSE
Trustee Axis Trustee Services Limited
Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars Beetal Financial & Computer Services (P) Ltd.
Mode of Payment
Interest payment will be made through ECS/At Par Cheques/Demand Drafts
Issuance Demat form only
Trading Demat mode only
Issue Open Date August 9, 2010
Issue Close Date August 31, 2010
• The issuer would have an option to pre-close the issue by giving 1 day notice to the Arrangers
Deemed Date of Allotment September 15, 2010
Application form can be downloaded here.