NHB’s Tax-free bonds oversubscribed
NHB’s tax-free bonds opened for subscription yesterday and were oversubscribed 2.08 times on the first day itself.
The bond issue of Rs 2100 crore got bids worth Rs 4366.43 crore (according to The Hindu Business Line/PTI).
The break-up of over-subscription in particular category is unknown. (Will update once we get the data)
NHB was permitted to raise 3000 crore in this fiscal of which it had raised 900 crore in private placement in August.
If you haven’t applied yet in the tax free bond issue there’s one more issue coming up on 6th of Jan 2014 from Indian Railway Finance Corp.
Apply the issue on the first day itself to get allotment as its on the first come-first serve basis.