[Attachment(s) from nikhil vadia included below]

PRIVATE PLACEMENT – IFCI TIER II SUBORDINATED BONDS – SERIES I

Offering	1,50,000 Nos. Subordinated Unsecured, Redeemable, Non-Convertible Bonds Series - I of `10,000/- each aggregating to `150 Crore with a green-shoe option to retain over-subscription.
Type	Private Placement basis
Eligible Investors	All Resident Individuals and Domestic Non-Individuals.
Rating	BWR 'AA –' by Brickwork Ratings India Pvt. Limited Care 'A' by CARE Ratings (Credit Analysis & Research Ltd.)
Face Value	` 10,000/- per bond
Minimum Application	` 1,00,000/- (i.e. 10 Bonds of ` 10,000 each)
In multiples of	One Bond
Trustee	Axis Trustee Services Limited
Listing	Proposed to be listed on BSE
Depositories	National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars	Link Intime India Pvt. Ltd.
Issuance & Trading	In dematerialised mode only
TDS	No TDS
Mode of Interest Payment / Redemption	ECS/At Par Cheques/Demand Drafts
Issue Schedule	Issue Open Date :June 01,2011 (tentative) Issue Close Date : July 15, 2011 (tentative) The issuer would have the right to pre-close the issue or extend the closing date by giving 1 day notice to the Arrangers

The specific terms of available Options under this Tier II Series 1 Issue are set out below:

Options	I	II	III	IV
Frequency of Interest Payment	Annual	Cumulative	Annual	Cumulative
Tenor	10 (Ten) years	10 (Ten) years	15 (Fifteen) years	15 (Fifteen) years
Issue Price (Rs./Bond)	At par (Rs. 10,000/- per bond)	At par (Rs. 10,000/- per bond)	At par (Rs. 10,000/- per bond)	At par (Rs. 10,000/- per bond)
Coupon (% p.a.)	10.50 % p.a.	10.50 % p.a.	10.75 % p.a.	10.75 % p.a.
Call option	At the end of 7 (seven) years from the Deemed date of allotment	At the end of 7 (seven) years from the Deemed date of allotment	At the end of 10 (ten) years from the Deemed date of allotment	At the end of 10 (ten) years from the Deemed date of allotment
Interest on Application Money shall be paid at the coupon from the date of realisation of subscription amount to the date immediately preceding the deemed date of allotment.