10.20% Ifci Factors Limited (INE494M09056)

Ifci Factors Limited, a Finance company, has floated Bond, having ISIN value as INE494M09056, with a face value of ₹10,00,000 rs on 23Apr13 to raise 41.1 crores. The debt instrument is issued with a coupon rate of 10.20% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Bond is 10.20% SECURED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS TRANCHE II OPTION 2. DATE OF MATURITY 23/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 11May13. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 23Apr13. This issuer is formerly known as FOREMOST FACTORS LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.