National Housing Bank (NHB) Tax Free Bonds
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 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.
Currently ongoing issue: IIFCL
Issue to come in Jan: Indian Railway Finance Corporation Limited.
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