PFS Long Term Infrastructure Bond Series 2

| January 8, 2012 | 1 Comment

PTC India Financial Services Ltd. (PFS) has launched infrastructure bonds in the name as PFS Long Term Infrastructure Bond – Series 2,  under section 80CCF of face value of Rs. 5000/- each to remain open till February 29, 2012 for subscription.  The company has set up as a special purpose investment vehicle for providing total financing solutions to the energy value chain which inter-alia includes investing in equity and/or extending debt to power projects, which are working in generation, transmission, distribution, equipment manufacturers, fuel sources and EPC contractors and carbon credit finance.

For Application Form, mail at : aarkay@moneyvriksh.com

Issue Details

  • Issue Opens: 30-Dec-2011
  • Issue Closes: 29-Feb-2012Now closing on 16-Mar-2012  Further extended till 27-Mar-2012
  • Date of Allotment: 31-Mar-2012
                                                         PTC India Financial Services Ltd. (PFS)
Options I II III IV
Frequency of Reuest Payment Annual Cumulative Annual Cumulative
Face value of each Bond(Rs) 5000/- 5000/- 5000/- 5000/-
Minimum Application One Bond One Bond One Bond One Bond
In multiple of  One Bond One Bond One Bond One Bond
Tenor (in years) 10 10 15 15
Coupon rate 8.93% per annum 8.93% p.a. annual compounding 9.15% per annum 9.15% p.a. annual compounding
Coupon payment date March 15, Every Year At the time of Maturity March 15, Every Year At the time of Maturity
Buy Back Option Every Year After the End 5 Years and 1 day Every Year After the End 7 Years and 1 day
Buy Back date March 16 of 2017 to 2021    March 16 of 2019 to 2026
Maturity Date 15-Mar-22 15-Mar-22 15-Mar-27 15-Mar-27
Buy Back Intimation Period Every year between January 1 to 31 Starting from Year 2017 – 2021 Every year between January 1 to 31 Starting from Year 2019 – 2026
Maturity/Redemption AMT (Rs. Per Bond)   5,000/-   11,977/-   5,000/-   18,592/-
  Lock-in period from the deemed date of Allotment   5 years   5 years   7 years   7 years
  At the end of Year 5/7   5,000/-   7,731/-   5,000/-   9,929/-
Rating                                    ‘A+’ by CARE, ‘A+’ by ICRA, ‘AA’ by Brickwork

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Category: Blog, Infrastructure Bonds, Tax Saving Scheme

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