9.70% Ifci Limited - B Rated (INE039A09LL7)

Ifci Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE039A09LL7, with a face value of ₹10,00,000 rs on 04May10 to raise 248.9 crores. The debt instrument is issued with a coupon rate of 9.70% 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 9.70% Unsecured Non Convertible Regular Return Bond in the form of Promissory Note. Letter of Allotment. Series - 50. Date of Maturity : 04/05/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given B+ rating to this Bond on 03Oct09. This issuer is formerly known as THE INDUSTRIAL FINANCE CORPORATION OF INDIA LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.