The tax-free bonds which came last week – IREDA and Ennore Port have been oversubscribed in the retail category according to the sources. Retail investors can consider investing in IIFCL tax free bonds now as they are not yet oversubscribed.
All these bonds were offering the same coupon rate.
Details about how much over-subscription the bonds (IREDA & EPL) can retain in the retail category are still awaited. Stay tuned on this page and we will upload the details soon.
IIFCL again being a Government of India enterprise seem to be not a bad option to invest.