IRFC 7.64% Tax Free Bonds – Tranche II (March 2016) – Details & Review
Indian Railways Finance Corporation (IRFC) is offering tax-free bonds to raise Rs 2450 crore at the rate of 7.29% (10 years) and 7.64% (15 years) to retail investors.
The rural focused development lender has already raised Rs 1500 crore via private placement.
The issue will open on March 10 on First-come-first serve basis. Closing date March 14, 2016.
Size of the Issue – IRFC is authorized to raise Rs. 2450 crore from tax free bonds this financial year.
Other open TAX FREE Bond - NABARD 7.64% Tax free bond (9-14 March 2016)
IRFC issue will be open from 10-March-2016 to 14-Mar-2016.
IRFC Tax Free Bonds (Retail Investors upto Rs 10 Lakhs)
Details
Series I
Series II
Tenor
10 Years
15 years
Interest Paid
Annual
Annual
Coupon Rate
7.29%
7.64%
Effective Pre-Tax Yield (30% ...