National Housing Bank (NHB) Tax Free Bonds

by admin on December 30, 2013

National Housing Bank (NHB) is wholly owned by RBI and it’s vision is to “Promote inclusive expansion with stability in housing finance market.”

National Housing Bank (NHB) has come up with a tax free bond issue of Rs 2100 crore and has opened for subscription today.

The object of the issue is to mobilize long term resources for providing financial assistance for housing.

Issue Highlights:

  • Issue Opening – 30th December 2013
  • Issue Closing – 31st January 2014
  • Face Value: Rs 1000/-
  • Minimum investment: Rs 5000/- i.e. minimum of 5 bonds.

The bonds are proposed to be listed on the NSE. CARE, CRISIL and ICRA assigned AAA rating for this bond issue.

NHB Tax Free Bond 2013-14

Currently ongoing issue: IIFCL

Issue to come in Jan: Indian Railway Finance Corporation Limited.

Post your query in the comment box below and we will revert back asap.

You can download the forms (here) (Don’t fill on any details asked by them simply click on submit!)

Note – The download link is offered by an Agent and I am not compensated for the same. This is just for readers convenience. 

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