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Listing of Tax free Bonds of Indian Railway Finance Corporation Ltd. in the nature of Secured Redeemable Non convertible Debentures of Face value Rs.1000 each.

Capital Market/ 19:30 , Feb 28, 2012

Listing of Tax free Bonds of Indian Railway Finance Corporation Ltd. in the nature of Secured Redeemable Non convertible Debentures of Face value Rs.1000 each.


 

Trading Members of the Exchange are hereby informed that the under mentioned securities of Indian Railway Finance Corporation Limited are admitted to dealings on the Exchange with effect from Friday, March 2, 2012 in the list of "F GROUP".
 
Securities:
 
Indian Railway Finance Corporation Ltd Bonds in the nature of Secured Redeemable Non convertible Debentures of face value Rs. 1000 each.
 

Name of the Company
Indian Railway Finance Corporation Limited
 
Indian Railway Finance Corporation Limited
 
Name of the Series
Series -80
Series -80 A
Face/Paid-up value of Bonds (Rs. /Bond)
Rs. 1000
Issue Price of Bonds (Rs. /Bond)
Rs. 1000
Scrip Code
961731
961732
Scrip ID
8IRFC230222
810IRFC2327
Security Description
80th Series Tax Free Secured Redeemable Non Convertible Bonds in the nature of Debentures (for 10 years)
80th A Series Tax Free Secured Redeemable Non Convertible Bonds in the nature of Debentures (for 15 years)
No. of Securities
31734479
30954421
Distinctive number
1 – 31734479
1 – 30954421
ISIN
INE053F07520
INE053F07538
Abbrv. Name
8IRFC230222
810IRFC2327
Coupon (%) * (refer note 1)
8.00%
8.10%
Deemed Date of Allotment
23/02/2012
23/02/2012
Date of Allotment
23/02/2012
23/02/2013
Lock-In Up to
Not Applicable
 
Put/Call Option (Buy Back Date)
Buyback Amt.
Buyback Intimation Period
Redemption/Maturity  date
February 23, 2022
(for 80th Series)
February 23, 2027
(for 80th A Series)
Tenor
10 Years
15 Years
Maturity/Redemption Amt. per Bond
Repayment of the face value of Bonds plus any Interest that may have accrued at the Redemption Date
First Interest payment date
15- Oct- 2012
15- Oct- 2012
Credit Rating
CRISIL AAA/Stable, CARE AAA & ICRA AAA
Market lot
1 Bond

           
1.       Trading Members may note that as per the guidelines issued by SEBI dated 16th February, 2000; Bonds will only be traded in dematerialized form. Trades effected in this scrip will be in unit market lot (i.e. One Bond).
 
2.       The financial year of Indian Railway Finance Corporation Ltd. ends on the 31st March.
 
3. The address and contact details of the Company are as below:
 
Registered & Corporate Office:Indian Railway Finance Corporation Ltd
UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110003
Tel: (91 11) 2436 9766/69; Fax: (91 11) 2436/6710
email :gma@irfc.nic.in
 
4. Given below is the address and contact details of the Registrar and Share Transfer Agents:
 
Karvy Computershare Private Limited
Plot no. 17-24, Vithalrao Nagar,Madhapur, Hyderabad 500 081
Tel: (91 40) 4465 5000  Fax: (91 40) 2343 1551
Investor Grievance Email:ris@karvy.com
Email:irfc.bonds@karvy.com
 
5. In case Trading Members require any clarification on the subject matter of this notice, they may contact:
 
I)        At Indian Railway Finance Corporation Ltd
Mr.T.Behera (Compliance officer and General Manager (Bonds)
Mr.S K Ajmani (Company Secretary)
Tel: (91 11) 2436 9766/69 ; Fax : (91 11) 2436 6710
                                                            Email:gma@irfc.nic.in
 
     II) At the Exchange: Ms. Shilpa Pachori (Dy.Manager) on Tel. No.: 022-22728352 or undersigned on Tel No: 022-22728701
 
 
Note 1: The additional interest of 0.15% p.a. and 0.20% p.a. shall be available only to the original allottees under Category III under Tranche 1 Series I Bonds and Tranche 1 Series II Bonds respectively, subject to (i) in case if the Bonds are sold and/or transferred by the original allottee, the transferee shall not be entitled to receive the interest at the coupon rate of 8.15% p.a. and 8.30% p.a. for Tranche 1 Series I Bonds and Tranche 1 Series II Bonds respectively and shall be entitled to receive interest only at the coupon rate of 8.00% p.a. and 8.10% p.a., for Tranche 1 Series I Bonds and Tranche 1 and Series II Bonds respectively. However, in case of any transfer by a permanently disabled allottee to their legal heir(s), the transferee shall continue to be entitled to receive interest at the coupon rate of 8.15% p.a. and 8.30% p.a., for Tranche 1 and Series I Bonds and Tranche 1 and Series II Bonds respectively and, (ii) if the Bonds are held in joint names and subsequently there is a change in the sequence of the names of the joint holders, the joint holders subsequent to such change in sequence of names, will no longer be entitled to receive the interest at the coupon rate of 8.15% p.a. and 8.30% p.a. for the Tranche 1 and Series I Bonds and Tranche 1 and Series II Bonds respectively and shall only be entitled to receive the interest at the coupon rate of 8.00% p.a. and 8.10% p.a., for the Tranche 1 Series I Bonds and Tranche 1 Series II Bonds respectively. However, in case of change in name of any of the joint holders, such joint holders shall continue to be entitled to receive interest at the coupon rate of 8.15% p.a. and 8.30% p.a. for the Tranche 1 Series I Bonds and Tranche 1 Series II Bonds respectively. However in case of transmission of the Bond(s) in accordance with the articles of association of the Company, to the nominee in the event of demise of the Bondholder (single or joint holders) who was originally allotted Bonds under Category III, the new Bondholder (single or joint holders) shall continue to be entitled to receive interest at the coupon rate of 8.15% p.a. and 8.30% p.a., for theTranche 1 Series I Bonds and Tranche 1 and Series II Bonds respectively.
 
 
 
Hetal Kotak
Asst Gen Manager – DCS
February 28, 2012
 
 
 
 
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