NHAI TAX FREE SECURED REDEEMABLE NON CONVERTIBLE BOND

 

 

PFC TAX FREE SECURERE REEDEEMABLE NCD

         

 

 

"PFC Tax Free Secured Redeemable Non Convertible Debentures"

(Term Sheet)

ISSUER	Power Finance Corporation Ltd.
Issue Structure	Tax Free, Secured, Redeemable, Non Convertible Debentures
Allotment	On First Cum First Serve Basis
Issue Opens	30th December 2011
Issue Closes	16th January 2012
Tenure	10 Years	15 Years
Coupon	8.20% p.a.	8.30% p.a.
Issue Size	Shelf Limit of Rs.4033.12 crores
Credit Rating	"AAA" by CRISIL & ICRA
Face Value	Rs.1000/- per bond
Minimum Application	10 Bonds i.e. Rs.10,000/- and in Multiples of Rs.5000
Interest on Refund	5 % p.a.
Interest on application money on successful application	Coupon Rate
Issuance	Both in physical as well as in demat mode
Listing	Proposed to be listed on BSE
Trading	Compulsorily in Demat Mode
Trading Lot	One Bond
Loan Against Bond	Can be Pledged or Hypothecated

HIGHLIGHTS OF TAX BENEFITS

• In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 (43 of 1961) the Central Government authorizes PFC to issue during the FY 2011-12, Tax Free, Secured, Redeemable, Non-convertible Bonds.
  
• The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of I.T. Act, 1961.
  
• There will be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective of the amount of the interest or the status of the investors.
  
• Wealth Tax is not levied on investment in Bond under section 2(ea) of the Wealth-tax Act, 1957.
  

Features

• The interest on the bonds would be tax exempt
  
• Tenor shall be 10 & 15 years.
  
• Issue Size: Rs. 4033.12 Cr
  
• PAN is mandatory
  
• No Lock In period
  
• NRIs can also invest
  

Who Can Apply

 

Category I	Public Financial Institutions, Statutory Corporations, Scheduled Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the Bonds; Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised to invest in the Bonds; Insurance companies registered with the IRDA; National Investment Fund; Mutual Funds; Foreign Institutional Investors (including sub-accounts) Companies; bodies corporate and societies registered under the applicable laws in India and authorised to invest in the Bonds; Public/private charitable/religious trusts which are authorised to invest in the Bonds; Scientific and/or industrial research organisations, which are authorised to invest in the Bonds; Partnership firms in the name of the partners; and Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009)
Category II	The following investors applying for an amount aggregating to above `5 lakhs across all Series in each tranche Resident Indian individuals; Hindu Undivided Families through the Karta; and Non Resident Indians on repatriation as well as non-repatriation basis.
Category III	The following investors applying for an amount aggregating to upto and including `5 lakhs across all Series in each tranche Resident Indian individuals; Hindu Undivided Families through the Karta; and Non Resident Indians on repatriation as well as non-repatriation basis.

 

Category Wise Breakup of the issue

Category I	Category II	Category III
Upto 50% of Overall Issue Size	Upto 25% of Overall Issue Size	Upto 25% of Overall Issue Size

Apollo Munich has launched a Unbelievable Health Plan- Optima RESTORE.

Apollo Munich has launched a Unbelievable Health Plan- Optima RESTORE.


UNBELIEVABLE HEATLH PLAN ‘’OPTIMA RESTORE’’

Optima RESTORE, The new Health Plan from Apollo Munich , restores your entire insurance amount without a change if you exhaust it in the middle of the year and in case you have a claim free year it increase your insurance cover by 50% the first year and double it the year after, at no extra change



Optima RESTORE.. The Unbelievable Health Plan….

· Apollo Munich introduce a first of it’s kind unique restore benefit that automatically reinstate the basis sum insured in case you exhaust you coverage amount in a policy year at no extra charge.
· The restored sum insured can be utilized to cover you against any other illness or in case anyone in your family incase of family floater falls ill later.


Unbelievable-----------------------------------------------------------------------------------------------------------------------


MULTIPLIERT BENEFIT

· The amazing restore benefit also comes with a never before renewal incentive. If you’ve had any claim free year , we will increase you basic sum insured by 50% as a no claim bonus. If you don’t claim in the second year we will double your basis sum insured as a no claim bonus in the third year i.e. 100% of the basis sum insured.




Unbelievable-----------------------------------------------------------------------------------------------------------------------


COVERAGE BENEFITS

· Inpatient hospitalization with no room rent capping
· Pre-Hospitalization coverage for 60 days
· Post-Hospitalization coverage for 180 days
· Day care cover for 140 Procedures
· Domiciliary treatment
· Organ donor
· Emergency ambulance


Unbelievable-----------------------------------------------------------------------------------------------------------------------


OTHERS BENEFITS

· Life long renewal
· No co payment sublimit
· No additional loading at renewals
· Cashless transaction at over 4000 network hospitals
· Health line for any time health assistance
· Online health risk assessment tools
· Tax benefit under section 80D of the income tax act



BASIC SUM INSURED – 3 LAKH, 5 LAKH , 10 LAKH, 15 LAKH

DISCOUNT:---

· Family discount of 10 % if two or more family member are covered under optima restore individual sum insured plan
· An additional 7.5 % discount is offered on the payment if you chose a 2 year policy.
for more details call 09810232830