The Deccan Herald, New Delhi.

The Hindu Business Line, Pune, Chennai, Ahmedabad, Bangalore,

New Delhi, Mumbai, Hyderabad, Kolkata.

The Eenadu , Bangalore.

The National Dunia, New

Delhi.

The Eenadu , Hyderabad

The Financial Chronicle, Hyderabad

The Financial

Chronicle, Hyderabad.

The Mint, Ahmedabad, Hyderabad, Chennai,

Bangalore

The Economic Times, Mumbai (Marathi)

The Economic Times, Hyderabad.

The Economic Times, Ahmedabad (Gujarati)

The Financial Express, Hyderabad.

The Veer Arjun, New

Delhi.

The Virat Vaibhav, New Delhi.

Business Standard Date: 01/06/2015 Edition: Online Web By Line:PTI

IFCI to raise Rs 790 cr in second tranche of NCD issue

State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which

opened on January 1.

The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial

year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on February 4.

"IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting

to Rs 250 crore (Base Issue Size) with an option to retain over-subscription aggregating up to the Residual Shelf Limit of Rs

790.81 crore," the company said.

The proceeds will be used for general corporate and lending purposes, it said.

"This is the best option available in the present interest rate scenario, looking at the rates offered by government securities

(at around over 8 per cent). Coupon rate of 9.5 per cent is very attractive," said Malay Mukherjee, Managing Director, IFCI

Ltd at a press conference here today.

NCDs with a tenure of 5 years, with annual coupon payout option, will carry coupon rate of 9.35 per cent per annum for all

categories of investors. It will carry additional incentive of 0.10 per cent for High Networth Individuals (HNIs) and Retail

Individual Investors (RII)

"...The aggregate of coupon rate and additional incentive for HNIs and RII is 9.45 per cent per annum," IFCI said.

For 10-year tenure, the bonds will carry coupon rate of 9.40 per cent per annum for all kind of investors. HNIs and RII will

have incentive of additional 0.10 per cent at 9.50 per cent.

Besides, the company will also offer NCDs with premium on redemption option for both the tenors.

"NCDs with a tenure of 5 years will be redeemed on the maturity at Rs 1,563.87 (for QIBs and corporates) and Rs 1,571.04

(for HNIs and RII).

"The NCDs with tenure of 10 years will be redeemed on maturity at Rs 2,457.50 (for QIB and corporates) and Rs 2,480.08 (for

HNIs and RII)," it added.

The IFCI Ltd scrip closed at Rs 38.05, down 0.13 per cent, on the BSE.

Financial Chronicle Date: 01/06/2015 Edition: Online Web By Line:PTI

IFCI to raise over Rs 790 cr in second tranche of NCD issue

State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which

opened on January 1.

The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial

year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on February 4.

"IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting

to Rs 250 crore (Base Issue Size) with an option to retain over-subscription aggregating up to the Residual Shelf Limit of Rs

790.81 crore," the company said.

The proceeds will be used for general corporate and lending purposes, it said.

"This is the best option available in the present interest rate scenario, looking at the rates offered by government securities

(at around over 8 per cent). Coupon rate of 9.5 per cent is very attractive," said Malay Mukherjee, Managing Director, IFCI

Ltd at a press conference here today.

NCDs with a tenure of 5 years, with annual coupon payout option, will carry coupon rate of 9.35 per cent per annum for all

categories of investors. It will carry additional incentive of 0.10 per cent for High Networth Individuals (HNIs) and Retail

Individual Investors (RII)

"...The aggregate of coupon rate and additional incentive for HNIs and RII is 9.45 per cent per annum," IFCI said.

For 10-year tenure, the bonds will carry coupon rate of 9.40 per cent per annum for all kind of investors. HNIs and RII will

have incentive of additional 0.10 per cent at 9.50 per cent.

Besides, the company will also offer NCDs with premium on redemption option for both the tenors.

"NCDs with a tenure of 5 years will be redeemed on the maturity at Rs 1,563.87 (for QIBs and corporates) and Rs 1,571.04

(for HNIs and RII).

"The NCDs with tenure of 10 years will be redeemed on maturity at Rs 2,457.50 (for QIB and corporates) and Rs 2,480.08 (for

HNIs and RII)," it added.

The IFCI Ltd scrip closed at Rs 38.05, down 0.13 per cent, on the BSE.

First Post Date: 01/06/2015 Edition: Online Web By Line:PTI

IFCI raises Rs 790 cr in second tranche of NCD issue

State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which

opened on 1 January.

The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial

year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on 4 February.

"IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting

to Rs 250 crore (Base Issue Size) with an option to retain over-subscription aggregating up to the Residual Shelf Limit of Rs

790.81 crore," the company said.

The proceeds will be used for general corporate and lending purposes, it said.

"This is the best option available in the present interest rate scenario, looking at the rates offered by government securities

(at around over 8 percent). Coupon rate of 9.5 percent is very attractive," said Malay Mukherjee, Managing Director, IFCI Ltd

at a press conference here today.

NCDs with a tenure of 5 years, with annual coupon payout option, will carry coupon rate of 9.35 per cent per annum for all

categories of investors. It will carry additional incentive of 0.10 percent for High Networth Individuals (HNIs) and Retail

Individual Investors (RII)

"...the aggregate of coupon rate and additional incentive for HNIs and RII is 9.45 percent per annum," IFCI said.

For 10-year tenure, the bonds will carry coupon rate of 9.40 percent per annum for all kind of investors. HNIs and RII will

have incentive of additional 0.10 per cent at 9.50 percent.

Besides, the company will also offer NCDs with premium on redemption option for both the tenors.

"NCDs with a tenure of 5 years will be redeemed on the maturity at Rs 1,563.87 (for QIBs and corporates) and Rs

1,571.04 (for HNIs and RII).

"The NCDs with tenure of 10 years will be redeemed on maturity at Rs 2,457.50 (for QIB and corporates) and Rs

2,480.08 (for HNIs and RII)," it added.

Good Returns Date: 01/06/2015 Edition: Online Web By Line:Bureau

IFCI to raise over Rs 790 cr in second tranche of NCD issue

IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which opened on January 1,

reported PTI.

The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial

year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on February 4.

"IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting

to Rs 250 crore (Base Issue Size) with an option to retain over-subscription aggregating up to the Residual Shelf Limit of Rs

790.81 crore," the company said.

The proceeds will be used for general corporate and lending purposes, it said.

"This is the best option available in the present interest rate scenario, looking at the rates offered by government securities

(at around over 8 per cent). Coupon rate of 9.5 per cent is very attractive," said Malay Mukherjee, Managing Director, IFCI

Ltd at a press conference.

NCDs with a tenure of 5 years, with annual coupon payout option, will carry coupon rate of 9.35 per cent per annum for all

categories of investors. It will carry additional incentive of 0.10 per cent for High Networth Individuals (HNIs) and Retail

Individual Investors (RII)

"...The aggregate of coupon rate and additional incentive for HNIs and RII is 9.45 per cent per annum," IFCI said.

For 10-year tenure, the bonds will carry coupon rate of 9.40 per cent per annum for all kind of investors. HNIs and RII will

have incentive of additional 0.10 per cent at 9.50 per cent.

Besides, the company will also offer NCDs with premium on redemption option for both the tenors.

"NCDs with a tenure of 5 years will be redeemed on the maturity at Rs 1,563.87 (for QIBs and corporates) and Rs 1,571.04

(for HNIs and RII).

"The NCDs with tenure of 10 years will be redeemed on maturity at Rs 2,457.50 (for QIB and corporates) and Rs 2,480.08 (for

HNIs and RII)," it added.

IN Date: 01/06/2015 Edition: Online Web By Line:PTI

IFCI raises Rs 790 cr in second tranche of NCD issue

State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which

opened on 1 January. The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for

the current financial year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on 4

February."IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each

amounting to Rs 250 crore (Base Issue Size) with an option to retain over-subscription aggregating up to the Residual Shelf

Limit of Rs 790.81 crore," the company said. The proceeds will be used for general corporate and lending purposes, it

said."This is the best option available in the present interest rate scenario, looking at the rates offered by government

securities (at around over 8 percent). Coupon rate of 9.5 percent is very attractive," said Malay Mukherjee, Managing

Director, IFCI Ltd at a press conference here today. NCDs with a tenure of 5 years, with annual coupon payout option, will

carry coupon rate of 9.35 per cent per annum for all categories of investors. It will carry additional incentive of 0.10 percent

for High Networth Individuals (HNIs) and Retail Individual Investors (RII)"...the aggregate of coupon rate and additional

incentive for HNIs and RII is 9.45 percent per annum," IFCI said. For 10-year tenure, the bonds will carry coupon rate of 9.40

percent per annum for all kind of investors. HNIs and RII will have incentive of additional 0.10 per cent at 9.50 percent.

Besides, the company will also offer NCDs with premium on redemption option for both the tenors."NCDs with a tenure of 5

years will be redeemed on the maturity at Rs 1,563.87 (for QIBs and corporate) and Rs1,571.04 (for HNIs and RII)."The NCDs

with tenure of 10 years will be redeemed on maturity at Rs 2,457.50 (for QIB and corporates) and Rs2,480.08 (for HNIs and

RII)," it added.PTI

India Infoline Date: 01/06/2015 Edition: Online Web By Line:Bureau

IFCI to raise upto Rs. 790.813 crore through Public issue of Secured, Redeemable, NCDs

IFCI Limited, acompany promoted and controlled by Government of India,is,subject to market conditions and other

considerations,proposing a public issue of secured redeemable non-convertible debentures of face value of Rs. 1,000 each

amounting to Rs. 250.00 crore ("Base Issue Size") with an option to retain oversubscription aggregating upto the Residual

Shelf Limit i.e. Rs790.813crore.

The NCDs are rated"BWR AA- (Outlook: Stable)" byBrickwork Rating India Private Limited.Instruments with this rating are

considered to have thehighdegree of safety regarding timely servicing of financial obligations. Such instruments carry

verylowcredit risk. The NCDs are rated "[ICRA]A (Stable)" by ICRA Limited.Instruments with this rating are considered to

have the adequate degree of safety regarding timely servicing of financial obligations.The NCDs are proposed to be listed on

the BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE"). The designated Stock Exchange for the Issue is

BSE.

SBI Capital Markets Limited, A.K. Capital Services Limited, Edelweiss Financial Services Limited and RR Investors Capital

Services Private Limited are the Lead Managers to the issue. Axis Trustee Services Limited has pursuant to regulation 4(4) of

SEBI Debt Regulations given its consent for its appointment as Debenture Trustee to the Issue and Karvy Computershare

Private Limited is the Registrar to the Issue. Dhir&Dhir Associates is the Legal Counsel to the Issue.

The NCDs are being offered for two tenors - 5 years and 10 years and both the tenors have an option of annual coupon or

premium on redemption. The NCDs with a tenure of 5 years, having annual coupon payout option, will have a coupon rate of

9.35% p.a. for all categories of Investors i.e Category I Investor i.e. Qualified Institutional Buyers ("QIB"), Category II Investor

i.e. Corporates, Category III Investor i.e. High Networth Individuals ("HNIs") and Category IV Investor i.e. Retail Individual

Investors ("RII"). There is an additional incentive of 0.10% p.a over coupon rate applicable only for HNIs and RII. Thus, the

aggregate of coupon rate and additional incentive for HNIs and RII is 9.45% p.a.

The NCDs with tenure of 10 years having annual coupon payout option, and will have a coupon rate of 9.40% p.a for all

categories of Investors i.e QIB, Corporates, HNIs and RII. There is an additional incentive of 0.10% p.a over coupon rate

applicable only for HNIs and RII. Thus, the aggregate of coupon rate and additional incentive for HNIs and RII is 9.50% p.a.

The Company is also offering NCDs with premium on redemption option for both the tenors i.e. 5 years and 10 years. The

NCDs of face value of Rs. 1,000 with a tenure of 5 years will be redeemed on the Maturity Date at Rs. 1,563.87(for QIBs and

Corporates) and Rs. 1,571.04 (for HNIs and RII). The NCDs of face value of Rs. 1,000 with tenure of 10 years will be redeemed

on the Maturity Date at Rs. 2,457.50( for QIB and Corporates) and Rs. 2,480.08 ( for HNIs and RII).

The Hindu Business Line Date: 01/06/2015 Edition: Online Web By Line:KR Srivats

IFCI keen on development financial institution status: CEO

Malay Mukherje, CEO&MD, IFCI Ltd.

Taps market to raise up to ?790 crore via NCD issue

IFCI Ltd will continue to pitch for a development financial institution (DFI) status even as the Reserve Bank of India has some

reservation about it, Malay Mukherjee, CEO and Managing Director, said.

"We are very keen on a DFI status. It will help reduce our cost of borrowing. We can also lend long-term and fulfil the

aspiration of undertaking specialised role in infrastructure financing," Mukherjee told BusinessLine here.

IFCI wants to get into long-term lending, say a 30-year tenure loan, a facility that it is not currently able to provide, said

Mukherjee.

The State-owned non-banking finance company is currently in the market with a public issue of non-convertible debentures

(NCDs) with base issue size of ?250 crore.

In this second tranche of NCD issue, IFCI has an option to retain oversubscription up to the residual shelf limit of ?790.813

crore. Mukherjee said IFCI had, in the first tranche in October-November 2014, mobilised about ?1,210 crore and the entire

proceeds have been deployed. The latest NCDsare being offered for two tenures, five years and 10 years, both having an

option of annual coupon or premium on redemption.

The NCDs with tenure of five years will have a coupon rate of 9.35 per cent a year for all categories of investors.

There is an additional incentive of 0.10 per cent a year over coupon rate applicable only for high networth individuals (HNIs)

and retail investors. Thus, the aggregate of coupon rate and additional incentive for HNIs and retail investors is 9.45 per cent

a year.

For NCDs with tenure of 10 years, the aggregate of coupon rate and additional incentive for HNIs and retail investors is 9.5

per cent a year.

"From the perspective of safety, liquidity and good return, our NCDs provide good investment opportunity. This is the best

option available in the current interest rate scenario, especially when 10-year G-sec is hovering around 7.86 per cent,"

Mukherjee said

Mint Date: 01/06/2015 Edition: Online Web By Line:Joel Rebello

IFCI to raise up to Rs791 crore

The bonds will have two options, one maturing in five years and another maturing in 10 years with a coupon rate of 9.35%

and 9.40% respectively. Photo: Bloomberg

State-owned IFCI Ltd Monday said it plans to sell bonds worth

Rs.791 crore to raise money to fund infrastructure projects. In its

Rs.250 crore issue which will close on 4 February, the company will reserve the right to keep up to

Rs.791 crore oversubscription, IFCI said in a press release.

The bonds will have two options, one maturing in five years and another maturing in 10 years with a coupon rate of 9.35%

and 9.40% respectively.

SBI Capital Markets Ltd, AK Capital Services Ltd, Edelweiss Financial Services Ltd and RR Investors Capital Services Pvt. Ltd are

the lead managers to the issue.

Money Control Date: 01/06/2015 Edition: Online Web By Line:Bureau

Should you invest in IFCI ncd?

Juzer Gabajiwala

Ventura Securities

About the Issue:

IFCI Ltd has planned an issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) amounting to Rs. 250 crores with

an option to retain over-subscription upto a residual shelf limit of Rs 790.81 crore. The details of the issue are as under:

Issue is rated by ICRA as "A (Stable)" and Brickwork Ratings as BWR "AA- (Outlook - Stable)".

Tenure (Years) 5 10 Effective Yield (p.a.) 9.45% 9.50%

*Interest Payout Option is Annual and Cumulative. Details are for HNIs and Retail Individual Investors

Taxation Implication:

Interest earned on these NCDs will be taxable as per the tax slab of the investor. There is no Tax Deducted at Source (TDS) on

NCDs in the demat form. However, TDS will be applicable if the NCDs are taken in the physical form and the interest amount

exceeds Rs. 5,000 in any financial year.

Moreover, if these NCDs are sold after being held for more than 12 months, the investor is liable to pay long term capital

gain (LTCG) tax at a flat rate of 10.30%. And, if sold prior to the completion of 12 months, short term capital gain (STCG) tax is

applicable at the slab rate of the investor.

NDTV Profit Date: 01/06/2015 Edition: Online Web By Line:PTI

IFCI to Raise Over Rs 790 Crore From NCD Issue

State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which

opened on January 1.

The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial

year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on February 4.

"IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting

to Rs 250 crore (Base Issue Size) with an option to retain over-subscription aggregating up to the Residual Shelf Limit of Rs

790.81 crore," the company said.

The proceeds will be used for general corporate and lending purposes, it said.

"This is the best option available in the present interest rate scenario, looking at the rates offered by government securities

(at around over 8 per cent). Coupon rate of 9.5 per cent is very attractive," said Malay Mukherjee, Managing Director, IFCI

Ltd at a press conference here today.

NCDs with a tenure of 5 years, with annual coupon payout option, will carry coupon rate of 9.35 per cent per annum for all

categories of investors. It will carry additional incentive of 0.10 per cent for High Networth Individuals (HNIs) and Retail

Individual Investors (RII)

"...the aggregate of coupon rate and additional incentive for HNIs and RII is 9.45 per cent per annum," IFCI said.

For 10-year tenure, the bonds will carry coupon rate of 9.40 per cent per annum for all kind of investors. HNIs and RII will

have incentive of additional 0.10 per cent at 9.50 per cent.

Besides, the company will also offer NCDs with premium on redemption option for both the tenors.

"NCDs with a tenure of 5 years will be redeemed on the maturity at Rs 1,563.87 (for QIBs and corporates) and Rs 1,571.04

(for HNIs and RII).

"The NCDs with tenure of 10 years will be redeemed on maturity at Rs 2,457.50 (for QIB and corporates) and Rs 2,480.08 (for

HNIs and RII)," it added.

Shares in IFCI closed at Rs 38.05, down 0.13 per cent, on the BSE.

News Patroling Date: 01/06/2015 Edition: Online Web By Line:Bureau

IFCI Limited to raise upto Rs. 790.813 crore through Public issue of Secured, Redeemable, Non-

convertible Debentures

Tranche II Issue has opened for subscription on January 1, 2015 and is scheduled to close on February 4, 2015 with an option

for early closure or extension by such period, as may be decided by the Board of Directors of the Company or the Board

Committee subject to necessary approval. In the event of such early closure or extension of period of the Tranche II Issue,

the Company shall ensure that public notice of such early closure or extension is published on or before such early date of

closure or the Issue Closing Date, as applicable, through advertisement(s) in at least one leading national newspaper with

wide circulation.

New Delhi, January 05, 2015: IFCI Limited ("Company" or "IFCI"), a company promoted and controlled by Government of

India, is, subject to market conditions and other considerations, proposing a public issue of secured redeemable non-

convertible debentures ("NCDs") of face value of Rs. 1,000 each amounting to Rs. 250.00 crore ("Base Issue Size") with an

option to retain oversubscription aggregating upto the Residual Shelf Limit i.e. Rs790.813crore.

The NCDs are rated "BWR AA- (Outlook: Stable)" by Brickwork Rating India Private Limited. Instruments with this rating are

considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry

very low credit risk. The NCDS are rated "[ICRA]A (Stable)" by ICRA Limited. Instruments with this rating are considered to

have the adequate degree of safety regarding timely servicing of financial obligations. The NCDs are proposed to be listed on

the BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE"). The designated Stock Exchange for the Issue is

BSE.

SBI Capital Markets Limited, A.K. Capital Services Limited, Edelweiss Financial Services Limited and RR Investors Capital

Services Private Limited are the Lead Managers to the issue. Axis Trustee Services Limited has pursuant to regulation 4(4) of

SEBI Debt Regulations given its consent for its appointment as Debenture Trustee to the Issue and Karvy Computershare

Private Limited is the Registrar to the Issue. Dhir&Dhir Associates is the Legal Counsel to the Issue.

The NCDs are being offered for two tenors - 5 years and 10 years and both the tenors have an option of annual coupon or

premium on redemption. The NCDs with a tenure of 5 years, having annual coupon payout option, will have a coupon rate of

9.35% p.a. for all categories of Investors i.e Category I Investor i.e. Qualified Institutional Buyers ("QIB"), Category II Investor

i.e. Corporates, Category III Investor i.e. High Networth Individuals ("HNIs") and Category IV Investor i.e. Retail Individual

Investors ("RII"). There is an additional incentive of 0.10% p.a over coupon rate applicable only for HNIs and RII. Thus, the

aggregate of coupon rate and additional incentive for HNIs and RII is 9.45% p.a.

The NCDs with tenure of 10 years having annual coupon payout option, and will have a coupon rate of 9.40% p.a for all

categories of Investors i.e QIB, Corporates, HNIs and RII. There is an additional incentive of 0.10% p.a over coupon rate

applicable only for HNIs and RII. Thus, the aggregate of coupon rate and additional incentive for HNIs and RII is 9.50% p.a.

The Company is also offering NCDs with premium on redemption option for both the tenors i.e. 5 years and 10 years. The

NCDs of face value of Rs. 1,000 with a tenure of 5 years will be redeemed on the Maturity Date at Rs. 1,563.87(for QIBs and

Corporates) and Rs. 1,571.04 ( for HNIs and RII). The NCDs of face value of Rs. 1,000 with tenure of 10 years will be redeemed

on the Maturity Date at Rs. 2,457.50( for QIB and Corporates) and Rs. 2,480.08 ( for HNIs and RII).

News Voir Date: 01/06/2015 Edition: Online Web By Line:Bureau

IFCI Limited to Raise Upto Rs. 790.813 Crore through Public Issue of Secured, Redeemable, Non-

convertible Debentures

Tranche II Issue has opened for subscription on January 1, 2015 and is scheduled to close on February 4, 2015 with an option

for early closure or extension by such period, as may be decided by the Board of Directors of the Company or the Board

Committee subject to necessary approval. In the event of such early closure or extension of period of the Tranche II Issue,

the Company shall ensure that public notice of such early closure or extension is published on or before such early date of

closure or the Issue Closing Date, as applicable, through advertisement(s) in at least one leading national newspaper with

wide circulation.IFCI Limited ("Company" or "IFCI"), a company promoted and controlled by Government of India, is, subject

to market conditions and other considerations, proposing a public issue of secured redeemable non-convertible debentures

("NCDs") of face value of Rs. 1,000 each amounting to Rs. 250.00 crore ("Base Issue Size") with an option to retain

oversubscription aggregating upto the Residual Shelf Limit i.e. Rs. 790.813 crore.The NCDs are rated "BWR AA- (Outlook:

Stable)" by Brickwork Rating India Private Limited. Instruments with this rating are considered to have the high degree of

safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. The NCDS are rated

"[ICRA]A (Stable)" by ICRA Limited. Instruments with this rating are considered to have the adequate degree of safety

regarding timely servicing of financial obligations. The NCDs are proposed to be listed on the BSE Limited ("BSE") and

National Stock Exchange of India Limited ("NSE"). The designated Stock Exchange for the Issue is BSE.

SBI Capital Markets Limited, A.K. Capital Services Limited, Edelweiss Financial Services Limited and RR Investors Capital

Services Private Limited are the Lead Managers to the issue. Axis Trustee Services Limited has pursuant to regulation 4(4) of

SEBI Debt Regulations given its consent for its appointment as Debenture Trustee to the Issue and Karvy Computershare

Private Limited is the Registrar to the Issue. Dhir&Dhir Associates is the Legal Counsel to the Issue.The NCDs are being

offered for two tenors - 5 years and 10 years and both the tenors have an option of annual coupon or premium on

redemption. The NCDs with a tenure of 5 years, having annual coupon payout option, will have a coupon rate of 9.35% p.a.

for all categories of Investors i.e Category I Investor i.e. Qualified Institutional Buyers ("QIB"), Category II Investor i.e.

Corporates, Category III Investor i.e. High Networth Individuals ("HNIs") and Category IV Investor i.e. Retail Individual

Investors ("RII"). There is an additional incentive of 0.10% p.a over coupon rate applicable only for HNIs and RII. Thus, the

aggregate of coupon rate and additional incentive for HNIs and RII is 9.45% p.a. The NCDs with tenure of 10 years having

annual coupon payout option, and will have a coupon rate of 9.40% p.a for all categories of Investors i.e QIB, Corporates,

HNIs and RII. There is an additional incentive of 0.10% p.a over coupon rate applicable only for HNIs and RII. Thus, the

aggregate of coupon rate and additional incentive for HNIs and RII is 9.50% p.a. The Company is also offering NCDs with

premium on redemption option for both the tenors i.e. 5 years and 10 years. The NCDs of face value of Rs. 1,000 with a

tenure of 5 years will be redeemed on the Maturity Date at Rs. 1,563.87(for QIBs and Corporates) and Rs. 1,571.04 ( for HNIs

and RII). The NCDs of face value of Rs. 1,000 with tenure of 10 years will be redeemed on the Maturity Date at Rs. 2,457.50(

for QIB and Corporates) and Rs. 2,480.08 ( for HNIs and RII).

The Economic Times Date: 01/06/2015 Edition: Online Web By Line:PTI

IFCI to raise over Rs 790 crore in second tranche of NCD issue

State-owned term lender IFCI is looking at raising over Rs 790

crore in the second round of non-convertible debentures which opened on January 1.

State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which

opened on January 1.

The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial

year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on February 4.

"IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting

to Rs 250 crore (Base Issue Size) with an option to retain over-subscription aggregating up to the Residual Shelf Limit of Rs

790.81 crore," the company said.

The proceeds will be used for general corporate and lending purposes, it said.

"This is the best option available in the present interest rate scenario, looking at the rates offered by government securities

(at around over 8 per cent). Coupon rate of 9.5 per cent is very attractive," said Malay Mukherjee, Managing Director, IFCI

Ltd at a press conference here today.

NCDs with a tenure of 5 years, with annual coupon payout option, will carry coupon rate of 9.35 per cent per annum for all

categories of investors. It will carry additional incentive of 0.10 per cent for High Networth Individuals (HNIs) and Retail

Individual Investors (RII)

"...the aggregate of coupon rate and additional incentive for HNIs and RII is 9.45 per cent per annum," IFCI said.

For 10-year tenure, the bonds will carry coupon rate of 9.40 per cent per annum for all kind of investors. HNIs and RII will

have incentive of additional 0.10 per cent at 9.50 per cent.

Besides, the company will also offer NCDs with premium on redemption option for both the tenors.

"NCDs with a tenure of 5 years will be redeemed on the maturity at Rs 1,563.87 (for QIBs and corporates) and Rs 1,571.04

(for HNIs and RII).

"The NCDs with tenure of 10 years will be redeemed on maturity at Rs 2,457.50 (for QIB and corporates) and Rs 2,480.08 (for

HNIs and RII)," it added.

The IFCI Ltd scrip closed at Rs 38.05, down 0.13 per cent, on the BSE.