IFCI NCD: Invest now and yield upto 10% returns

IFCI NCD: Invest now and yield upto 10 per cent returns

NCD Announcement
Industrial Finance Corporation of India (IFCI) Limited

IFCI Limited has just announced the launch of their latest NCD. You can get yield upto 10%* when you invest in the latest NCD from Industrial Finance Corporation of India (IFCI) Limited. IFCI Limited NCD NCD Closes on: 21st Nov 2014

Suitability  Investors looking for regular income Investors looking for superior earning options to bank FDs  About the company    IFCI is a Government of India controlled company, registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit taking NBFC (NBFC-NDSI). IFCI has a strong experience in dealing in foreign exchange, offering trade finance related services like letter of credits and guarantees and dealing with financial institutions, both in the domestic and international markets (including dealing with correspondent banks). Cumulative gross loans sanctioned by IFCI, as at June 30, 2014, on an standalone basis, aggregated to Rs. 95,897.28 crore, in 5175 projects with total disbursement of Rs. 83,137.80 crore. As at June 30, 2014, IFCI’s capital adequacy ratio calculated on the basis of applicable RBI requirement was 20.84 % as compared to a minimum of capital adequacy requirement of 15.0 % stipulated by RBI. For the Fiscal 2014, 2013, and 2012, IFCI’s profit after interest before tax aggregated to Rs. 660.45 crore, Rs. 664.12 crore and Rs. 957.74 crore respectively, and profit after tax aggregated to Rs. 508.10 crore, Rs. 450.87 crore and Rs. 663.62 crore, respectively, on an standalone basis. Offer The Issue is rated BWR AA- (Outlook: Stable)” by Brickwork Ratings India Private Limited and “[ICRA]A (Stable)” by ICRA Limited. The Issue carries effective yields ranging from 9.80% p.a. to 10.00% p.a. depending up on the category of investors and series of Non-Convertible Debentures applied for Opportunity to invest in a Government of India controlled company, registered with the Reserve Bank of India (RBI) as a Systemically Important Non- Deposit taking NBFC (NBFC-ND-SI).  These NCDs are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) Not sure if you should invest in this NCD?  Click here to schedule an appointment with FundIndia advisors Issue closes on the 21st of November!  For more information, please feel free to contact us on (0) 7667 166 166 or you can email  at contact@fundsindia.com FundsIndia Advisory Team

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