Invest in IDFC Long term Infra bond

IDFC has announced the public issue of the third tranche of long term infrastructure bonds of face value of Rs 5,000, in the nature of secured, redeemable, non-convertible debentures.

The bonds have been rated as (ICRA)AAA by ICRA and Fitch AAA(Ind) by Fitch. The issue of tranche 3 bonds opened for subscription on March 19, 2012, and will close on March 30, 2012, or earlier, as may be decided by the board of the company.

The lead managers are ICICI Securities Limited, Karvy Investor Services Limited, HDFC Bank Limited, JM Financial Consultants Private Limited and IDFC Capital Limited

[Disclaimer : Read offer document carefully before investing]

(Author can be reached at :  sumeet_raithatha@yahoo.co.in )