NHAI tax free bonds 2014 open for subscription

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.