satya Surya (owner) 06 December 2011

Idfc- terms for all series of the tranche 1 bonds issuer i

COMMON TERMS FOR ALL SERIES OF THE TRANCHE 1 BONDS

Issuer	Infrastructure Development Finance Company Limited
Issue of Tranche 1 Bonds	Public issue of first tranche of long term infrastructure bonds of face value of Rs. 5,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under section 80CCF of the Income Tax act, 1961 (the “Tranche 1 Bonds”), not exceeding Rs. 50,000.0 million, to be issued at par on the terms contained in the Shelf Prospectus and this Prospectus – Tranche 1.
Face Value (Rs.) per Tranche 1 Bond	5,000
Issue Price (Rs.) per Tranche 1 Bond	5,000
Minimum Application	Two Tranche 1 Bonds and in multiples of one Tranche 1 Bond thereafter. For the purpose fulfilling the requirement of minimum subscripttion of two Tranche 1 Bonds, an Applicant may choose to apply for two Tranche 1 Bonds of the same series or two Tranche 1 Bonds across different series.
Market Lot	One Tranche 1 Bond
Rating	“(ICRA)AAA” from ICRA “Fitch AAA(ind)” from Fitch
Security	First pari passu floating charge over the Secured Assets and first fixed pari passu charge over specified immovable properties of the Company more particularly as detailed in the section entitled “Terms of Issue -Security” on page 117.
Security Cover	1.0 time the outstanding Tranche 1 Bonds at any point of time.
Listing	NSE and BSE
Debenture Trustee	IDBI Trusteeship Services Limited
Depositories	National Securities Depository Limited and Central Depository Services (India) Limited
Registrar	Karvy Computershare Private Limited
Mode of Payment	1. Electronic Clearing Services 2. At par cheques 3. Demand drafts
Issuance	Dematerialized form or Physical form* as specified by an Applicant in the Application Form.
Lock-in Period	5 years from the Deemed Date of Allotment
Trading	Dematerialized form only following expiry of the Lock-in Period
Issue Opening Date	November 21, 2011
Issue Closing Date	December 16, 2011 The Issue shall remain open for subscripttion during banking hours for the period indicated above, except that the Issue may close on such earlier date or extended date as may be decided by the Board subject to necessary approvals. In the event of an early closure or extension of the Issue, the Company shall ensure that notice of the same is provided to the

	prospective investors through newspaper advertisements on or before such earlier or extended date of Issue closure
Deemed Date of Allotment	The Deemed Date of Allotment shall be the date as may be determined by the Board of the Company and notified to the Stock Exchanges. The actual allotment may occur on a date other than the Deemed Date of Allotment.
Lead Managers	ICICI Securities, JM Financial, Karvy, Kotak and IDFC Capital
Co-Lead Managers	RR Investors, SMC Capitals and Bajaj Capital
Maturity Date	10 years from the Deemed Date of Allotment
Buyback Date	Date falling 5 years and one day from the Deemed Date of Allotment
Put/Call Option	None
Day Count Convention	Interest shall be computed on a 365 days-a-year basis on the principal outstanding on the Bonds. However, where the interest period (start date to end date) includes February 29, interest shall be computed on 366 days-a-year basis, on the principal outstanding on the Bonds

*In terms of Regulation 4(2)(d) of the SEBI Debt Regulations, the Company will make public issue of the Tranche 1 Bonds in the dematerialised form. However, in terms of Section 8 (1) of the Depositories Act, the Company, at the request of the Applicants who wish to hold the Tranche 1 Bonds in physical form, will fulfill such request.

SPECIFIC TERMS FOR EACH SERIES OF TRANCHE 1 BONDS

Series	1	2
Frequency of Interest payment	Annual	Cumulative
Face Value per Tranche 1 Bond	Rs. 5,000	Rs. 5,000
Buyback Facility	Yes	Yes
Buyback Amount	Rs. 5,000 per Tranche 1 Bond	Rs. 7,695 per Tranche 1 Bond.
Buyback Intimation Period	The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date	The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date
Tenor	120 months from the Deemed Date of Allotment	120 months from the Deemed Date of Allotment
Interest Rate	9% p.a.	N.A.
Maturity Amount	Rs. 5,000 per Tranche 1 Bond	Rs. 11,840 per Tranche 1 Bond
Yield on Maturity	9%	9% compounded annually
_{Yield on Buyback}	9%	9% compounded annually