IFCI Ltd. - Unsecured Bonds at 10.5% for 10 years and 10.75% for 15 Years

Dear All,

 

On similar lines to the Muthoot Fincorp Ltd. Offering, IFCI Ltd too is offering bonds to raise capital. However these bonds are unsecured and although they carry an “A” rating by CARE, I would peg it in a higher risk category as compared to Muthoot Fincorp’s Secured bonds.

 

These bonds offer an interest rate of 10.5% p.a. for a 10 year bond and 10.75%p.a. for a 15 year bond. Minimum investment of Rs. 10,000. The bonds issue opens tomorrow i.e. 1st June 2011 and closes on the 15th of June 2011.

 

Kindly go through the image file below and let us know if you’re interested in investing money in this asset class.

 

You can contact us on (022)40156688/90/99/92 or drop us an email on dewang@denip.in / nimesh@denip.in to get the application forms.

Thanks,

Dewang K Mehta

DENIP Consultants Pvt. Ltd.