10.24% Ifci Factors Limited (INE494M09072)

Ifci Factors Limited, a Finance company, has floated Bond, having ISIN value as INE494M09072, with a face value of ₹10,00,000 rs on 17May13 to raise 100 crores. The debt instrument is issued with a coupon rate of 10.24% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 10.24% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF PROMISSORY NOTES. SERIES II. OPTION II. DATE OF MATURITY 17/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 28May13. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 17May13. This issuer is formerly known as FOREMOST FACTORS LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.