IREDA Tax free bonds-Jan 2016

Dear all,
 
Pls find below mentioned the issue details of IREDA Tax free bonds-Jan 2016.
 
 
Issue period : Friday January 08th , 2016 to Friday January 22nd , 2016.
 
Issuer
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED
Issue Size
Rs. 1,000.00 Crores with an option to retain over subscription upto Rs. 716.00 Crores aggregating upto Rs. 1,716.00 Crores.
Lead Manager
Karvy Investor Services Limited, Edelweiss, AK Capital, IDBI Capital and RR Investors
Issue opens
Friday, January 8, 2016
Issue closes
Friday, January 22, 2016
Allotment
First Come First Serve Basis
Face Value
Rs. 1000 per Bond
Issue Price
Rs. 1000 per Bond
Nature of Instrument
Tax-free secured redeemable and non-convertible
Minimum Application
5 Bonds (Rs. 5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond (Rs. 1,000) thereafter
Listing
BSE
Rating
"IND AA+" by IRRPL, " AA+" by ICRA
Registrar
Karvy Computershare
NRI
NRI cannot apply in the Issue
 
 
 
SPECIFIC TERMS FOR EACH SERIES OF BONDS
 
Options
Option 1
Option 2
Option 3
Frequency of interest payment
Annual
Annual
Annual
Tenure of Bonds
10 years
15 years
20 years
Maturity/Redemption Date
10 years from Deemed Date
of Allotment
15 years from Deemed Date
of Allotment
20 years from Deemed Date
of Allotment
Coupon Rates for Category I, II and III*
Series of Bonds^
Tranche I Series 1A
Tranche I Series 2A
Tranche I Series 3A
Coupon Rate (%) p.a.
7.28%
7.49%
7.43
Annualized Yield (%) p.a.
7.28%
7.49%
7.43
Coupon Rates for Category IV**
Series of Bonds^
Tranche I Series 1B
Tranche I Series 2B
Tranche I Series 3B
Coupon Rate (%) per annum
7.53%
7.74%
7.68%
Annualized Yield (%) p.a.
7.53%
7.74%
7.68%
* For Non-Retail, i.e., Category I-QIB, Category II – Corporates, Category III – HNI
 
If any requirement, Pls. get in touch.
 
Regards
Mr. Jayshil Katkar(IA/ IFD/ FP),
7709360111/ 8793658058,
[Financial Planning/ Distributors/Advisory Service< MFs, LI, FD's, IPO/FPO, NCDs, Bonds, PMS, Real Estate, VCDs>]
jaysheel.katkar@gmail.com
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