IREDA Tax Free Bonds-Tranche I - February 2014

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

 

 

Indian Renewable Energy Development Agency Limited (IREDA) is launching Tax free secured redeemable non convertible bonds of face value of  Rs. 1,000/- each, in the nature of debentures from February 17, 2014, having benefits under section 10(15) (iv)(h) of the Income Tax Act.

The issue size of the bonds is Rs.  500 Crores with an option to retain oversubscription up to Rs. 500 crores for issuance of additional Bonds aggregating to a total of upto  Rs. 1,000 Crores. in the Fiscal 2014.

 

Details of Issue:

• Issue Opening Date: February 17, 2014
• Issue Closes: March 10. 2014
• Issue Price/ Face Value: Rs. 1,000 per Bond
• Minimum application size: 5 bonds (Rs. 5000) individually or collectively across all Series of Bonds
• Coupon payment frequency: Annual
• Coupon payment dates: The date, which is the day falling one year from the Deemed Date of Allotment, in case of the first coupon/ interest payment and the same day every year, until the Redempti ion Date for subsequent coupon/ interest payment.
• Coupon type: Fixed
• Tenor: 10 years, 15 years and 20 years from the Deemed Date of Allotment
• Redemption Dates: For Tranche I Series IA and Tranche I Series IB, the date, falling 10 years from the Deemed Date of Allotment; for Tranche I Series IIA and Tranche I Series IIB the date falling 15 years from the Deemed Date of Allotment; and for Tranche I Series IIIA and Tranche I Series IIIB, the date falling 20 years from the Deemed Date of Allotment
• Redemption Amount: Repayment of the face value amount of Bonds plus any interest at the applicable coupon/ interest rate that may have accrued on the Maturity Date/Redemption Date
• Redemption Premium /Discount: Not Applicable
• Credit Rating of the instrument: BWR AAA (SO) [pronounced BWR Triple A (Structured Obligation)] (Outlook: Stable)” by Brickwork and “CARE AAA (SO) [Triple A (Structured Obligation)]” by CARE

Terms of the issue:

	Series of Bonds
For Category I, II & III
Options		Tranche-I Series IA		Tranche-I Series IIA		Tranche-I Series IIIA
Tenure (years)		10		15		20
Interest rate (%) p.a.		8.16%		8.55%		8.55%
For Category IV only
Options		Tranche-I Series IB		Tranche-I Series IIB		Tranche-I Series IIIB
Interest rate (%) p.a.		8.41%		8.80%		8.80%

Option Details:

Option I: QIB
Option II: Corporate
Option III: Resident Individuals & HUF (Aggregating to above Rs. 10 lacs across all Series in the tranche issue)
Option IV: Resident Individuals & HUF (Aggregating to up to and including Rs. 10 lacs across all Series in the tranche issue)

 

 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

 

 

Leave a missed Call on 94 8300 8300

 

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

 

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

 

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

 

Best Performing Mutual Funds

1. Largecap Funds             Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Franklin India Bluechip
4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds         Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
4. Birla Sun Life Front Line Equity Fund
5. Franklin India Prima

C. Mid and SmallCap Funds          Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
5. Birla Sun Life Dividend Yield Plus
6. SBI Emerging Businesses Fund
7. HDFC Mid-Cap Opportunities Fund
8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds   Invest Online

1. DSP BlackRock MicroCap Fund

2.       Franklin India Smaller Companies

E. Sector Funds          Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds      Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds        Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund
4. Birla Sun Life Gold

H. International funds         Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF