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Notices
Notice No20140220-19Notice Date20 Feb 2014
CategoryTradingSegmentDebt
SubjectListing of Tax free Secured Redeemable Non convertible Bonds of Indian Railway Finance Corporation Ltd.
Content

 

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, February 21, 2014 in the list of "F GROUP".
 
Securities:
 
Indian Railway Finance Corporation Ltd. Tax free Secured Redeemable Non convertible Bonds in the nature of Debentures of face value Rs. 1000 each.

Name of the Company
Indian Railway Finance Corporation Limited
Face/Paid-up value of Bonds (Rs. /Bond)
Rs. 1,000/-
Rs. 1,000/-
Rs. 1,000/-
Rs. 1,000/-
Issue Price of Bonds (Rs. /Bond)
Rs. 1,000/-
Rs. 1,000/-
Rs. 1,000/-
Rs. 1,000/-
Scrip Code
 961827
961828 
961829 
961830 
Scrip ID
823IRFC24
840IRFC29
848IRFC24
865IRFC29
Security Description
8.23%
(For Category I, II & III) Secured Redeemable Tax Free Bonds
- Series IA
8.40%
(For Category I, II & III) Tax Free Secured Redeemable Non Convertible Bonds
- Series IIA
8.48%
(For Category IV)
Tax Free Secured Redeemable Non Convertible Bonds
- Series IB
8.65%
(For Category IV) Tax Free Secured Redeemable Non Convertible Bonds
- Series IIB
No. of Securities
17,783,210
10,901,868
5,262,546
6,883,591
Distinctive Numbers
 1 to 17783210
 1 to 10901868
 1 to 5262546
 1 to 6883591
ISIN
INE053F07652
INE053F07660
INE053F07678
INE053F07686
Abbrv. Name
823IRFC24 
840IRFC29 
848IRFC24
865IRFC29
Coupon (%) #
8.23%
8.40%
8.48% (If held by Category I, II and III Investors, the coupon rate shall be reduced by 25bps)
8.65% .(If held by Category I, II and III Investors, the coupon rate shall be reduced by 25bps)
Deemed Date of Allotment
February 18, 2014
Date of Allotment
February 18, 2014
Redemption/Maturity date
February 18, 2024
February 18, 2029
February 18, 2024
February 18, 2029
Tenor
10 Years
15 Years
10 Years
15 Years
Maturity/Redemption Amt. per Bond
Rs. 1,000/-
Rs. 1,000/-
Rs. 1,000/-
Rs. 1,000/-
Frequency of Interest payment
Annual
First Interest payment date
April 15, 2014
 
Interest payment dates
First Interest Payment date is on April 15, 2014 and subsequently on April 15th every year except
the last Interest Payment along with the redemption amount.
Credit Rating
“CRISIL AAA/Stable” ; “[ICRA] AAA” ; “CARE AAA"
Market lot
One Bond

  # In pursuance of CBDT Notification and for avoidance of doubts, it is clarified as under:
 a. The coupon rates indicated under Tranche I Series IB and Tranche I Series IIB shall be payable only on the Portion of Bonds allotted to Category IV in the Issue. Such coupon is payable only if on the Record Date for payment of interest, the Bonds are held by investors falling under Category IV.
b. In case the Bonds allotted against Tranche I Series IB and Tranche I Series IIB are transferred by Category IV to
Category I, Category II and/or Category III, the coupon rate on such Bonds shall stand at par with coupon rate
applicable on Tranche I Series IA and Tranche I Series IIA respectively.
c. If the Bonds allotted against Tranche I Series IB and Tranche I Series IIB are sold/ transferred by the Category IV to investor(s) who fall under the Category IV as on the Record Date for payment of interest, then the coupon rates on such Bonds shall remain unchanged;
d. Bonds allotted against Tranche I Series IB and Tranche I Series IIB shall continue to carry the specified coupon rate if on the Record Date for payment of interest, such Bonds are held by investors falling under Category IV;
e. If on any Record Date, the original Category IV allotee(s)/ transferee(s) hold the Bonds under Tranche I Series IB and Tranche I Series IIB for an aggregate face value amount of over ` 10 lakhs, then the coupon rate applicable to such Category IV allottee(s)/transferee(s) on Bonds under Tranche I Series IB and Tranche I Series IIB shall stand at par with coupon rate applicable on Tranche I Series IA and Tranche I Series IIA respectively;
f. Bonds allotted under Tranche I Series IA and Tranche I Series IIA shall carry coupon rates indicated above till the
respective maturity of Bonds irrespective of Category of holder(s) of such Bonds
 
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 :dmgr@irfc.nic.in
 
4.       Given below is the address and contact details of the Registrar and Share Transfer Agents:
 
             Karvy Computershare Private Limited
             Contact Person: Mr. M. Murali Krishna
             Plot no. 17-24, Vithalrao Nagar,Madhapur, Hyderabad 500 081
             Tel: (91 40) 4465 5000 Fax: (91 40) 2333 1551
             Investor grievance 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
               Compliance Officer: Mr. Ashutosh Samantaray, Dy. General Manager (F&A)
               Tel: (91 11) 2436 9766/69; Fax: (91 11) 2436 9770
               Email:: dmgr@irfc.nic.in
 
II) At the Exchange: Ms. Shilpa Pachori (Dy.Manager) on Tel. No.: 022-22728352 or undersigned on Tel No: 022-22728701
 
 
 
 
 
 
Hetal Kotak
Asst Gen Manager
February 20, 2014