#1
8th April 2016, 08:17 AM
| |||
| |||
IREDA Tax Free Bonds Interest Payment Date
Which date is decided for interest payment by India Renewable Energy Development Agency Ltd (IREDA) for interest on Tax Free Bonds?
|
#2
8th April 2016, 08:17 AM
| |||
| |||
Re: IREDA Tax Free Bonds Interest Payment Date
IREDA will make its first interest payment exactly one year after the date of allotment of Tax Free Bonds . IREDA Tax Free Bonds Size of the Issue – IREDA is authorized to raise Rs. 2,000 crore from tax free bonds in 2016 financial year. Rating of the Issue – ICRA and India Ratings have assigned ‘AA+’ rating to the issue. Previous issues were rated ‘AAA’, this is the first issue this financial year which is rated AA+. Investor Categories & Allocation Ratio – Investors have been classified in the following categories : Category I – Qualified Institutional Bidders (QIBs) – 20% of the issue is reserved i.e. Rs. 343.20 crore Category II – Non-Institutional Investors (NIIs) – 20% of the issue is reserved i.e. Rs. 343.20 crore Category III – High Net Worth Individuals including HUFs – 20% of the issue is reserved i.e. Rs. 343.20 crore Category IV – Resident Indian Individuals including HUFs – 40% of the issue is reserved i.e. Rs. 686.4 crore Minimum & Maximum Investment – Investors are required to put in a minimum investment of Rs. 5,000 in (at least 5 bonds of face value Rs. 1,000 each.) There is no upper limit for the investors to invest. |
|