A Great Opportunity to get Assured Tax Free Return upto 8.75% p.a by investing in AAA Rated NHAI Tax Free Bonds Opens on Jan 15, 2014

 

Dear All,

 

Please find attached Banking Matrix  of - " Public Issue of Tax Free Bonds Issued by National Highways Authority of India."(Source: Shelf Prospectus dated January 09, 2014 & Prospectus Tranche - I dated January 09, 2014)

 

Issue Opening Date:       Jan  15, 2014

Issue Closing Date:          Feb 05, 2014*

ISSUE DETAILS:

 

Options	Series of Bonds Category I, II & III#
	Tranche I Series IA	Tranche I Series IIA
Coupon Rate (%) p.a.	8.27	8.50
Annualized Yield (%) p.a.	8.27	8.50
Options	Series of Bonds Category IV#
	Tranche I Series IB	Tranche I Series IIB
Coupon Rate (%) p.a.	8.52	8.75
Annualized Yield (%) p.a.	8.52	8.75
Common Terms	Series of Bonds Category I, II, III & IV#
Tenor	10 Years	15 Years
Redemption Date	At the end of 10 Years from the Deemed Date of Allotment	At the end of 15 Years from the Deemed Date of Allotment
Redemption Amount (Rs./Bond)	Repayment of the Face Value plus any interest that may have accrued at the Redemption Date
Redemption Premium/ Discount	Not applicable
Frequency of Interest Payment	Annual
Minimum Application Size	5 bonds (Rs. 5000) individually or collectively across all Series of Bond
In Multiples of	1 bond
Face Value (Rs./Bond)	Rs. 1,000
Coupon Payment Date	March 15 every year except the last interest payment along with the redemption amount.
Coupon Type	Fixed coupon rate.

 

#In pursuance of CBDT Notification and for avoidance of doubts, it is clarified as under:

a.   The coupon rates indicated under Tranche I Series IB and Tranche I Series IIB shall be payable only on the Portion of Bonds allotted to Category IV in the Issue. Such coupon is payable only if on the Record Date for payment of interest, the Bonds are held by investors falling under Category IV.

b.   In case the Bonds allotted against Tranche I Series IB and Tranche I Series IIB are transferred by Category IV to Category I, Category II and/or Category III, the coupon rate on such Bonds shall stand at par with coupon rate applicable on Tranche I Series IA and Tranche I  Series IIA respectively.

c.    If the Bonds allotted against Tranche I Series IB and Tranche I Series IIB are sold/ transferred by the Category IV to investor(s) who fall under the Category IV as on the Record Date for payment of interest, then the coupon rates on such Bonds shall remain unchanged;

d.   Bonds allotted against Tranche I Series IB and Tranche I Series IIB shall continue to carry the specified coupon rate if on the Record Date for payment of interest, such Bonds are held by investors falling under Category IV;

e.   If on any Record Date, the original Category IV allotee(s)/ transferee(s) hold the Bonds under Tranche I Series IB and Tranche I Series IIB, Tranche I Series IA and Tranche I Series IIA for an aggregate face value amount of over ` 10 lakhs, then the coupon rate applicable to such Category IV allottee(s)/transferee(s) on Bonds under Tranche I Series IB and Tranche I Series IIB shall stand at par with coupon rate applicable on Tranche I Series IA and Tranche I Series IIA respectively;

f.    Bonds allotted under Tranche I Series IA and Tranche I Series IIA shall carry coupon rates indicated above till the respective maturity of Bonds irrespective of Category of holder(s) of such Bonds;

g.   For the purpose of classification and verification of status of the Category IV of Bondholders, the aggregate face value of Bonds held by the Bondholders in all the Series of Bonds, allotted under the respective Tranche Issue shall be clubbed and taken together on the basis of PAN.

 

 

QIB Portion	Corporate Portion	High Networth Individual Portion	Retail Individual Investor Portion
10% of the Overall Issue Size	30% of the Overall Issue Size	20% of the Overall Issue Size	40% of the Overall Issue Size

 

Source: Shelf Prospectus dated January 09, 2014 & Prospectus Tranche - I dated January 09, 2014

Disclaimer: “Invest only after referring to the Shelf Prospectus and Prospectus Tranche - I”