National Highways Authority of India (NHAI) has come up with another issue of it’s tax free bonds.
The issue is of 1000 crore rupees but can accept over-subscription of upto rupees 2698 crore.
Issue opens 15th Jan 2014
Issue closes 5th Feb 2014
CRISIL has given a rating of AAA/ Stable which makes the bond of decent quality with better credit guarantee.
Face Value of the bond: Rs 1000/- per bond. An investor should apply for a minimum of 5 bonds.
Interest payment: Annual
Tenor: 10 years & 15 years
Interest rate: 8.52% pa (for 10 yer bond) and 8.75% pa (for 15 yr bond)
Basis of allotment: First-come-first serve.
Download Tax-Free Bonds Forms:
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.