Tentative
term sheet of 9.56% (Semi- annual)Tamilnadu Power Finance and Infrastructure
Development Corporation Ltd.
|
Issuer
|
Tamilnadu
Power Finance and Infrastructure Development Corporation Ltd.
|
|
Issue Size
|
Rs. 500 Crores with Green Shoe Option upto Rs.500 crore
|
|
Instrument
|
Redeemable,
Non-convertible Bonds
|
|
Credit Rating
|
BWR
A(SO) by BRICKWORK and A-(SO) by ICRA
|
|
Guarantee
|
Unconditional and Irrevocable
Guarantee from the Government of Tamil Nadu for payment of interest and
repayment of Principal
|
|
Face Value/Issue Price
|
Rs. 10,00,000/-
per bond
|
|
Coupon Rate
|
9.56%
s.a.
|
|
Annualized
Yield
|
9.79%
p.a.
|
|
Interest Payment
|
Semi-annual
|
|
Tenure
|
10 years
|
|
Put/Call
Option
|
At
the end of 7th year
|
|
Redemption
|
30% at the end of 8th year
30% at the end of 9th year
40% at the end of 10th year
|
|
Instrument Form
|
In Dematerialized Form
|
|
Credit Enhancement
|
Escrow
Mechanism
|
|
Listing
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NSE/BSE
|
|
Tentative Issue Opening Date
|
22nd
November, 2012
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