National Housing Bank AAA Rated Tax Free Bonds || Get Tax Free Return upto 8.93% p.a* ||

- March 05, 2014

National Housing Bank AAA Rated Tax Free Bonds

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Company Profile

National Housing Bank (NHB) was established under the Act of Parliament viz. NHB Act in 1988 to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions. NHB is wholly owned by the Reserve Bank of India (RBI).

Salient features of the BOND Issue – Tranche II

· Public issue of bonds of tax-free secured redeemable non-convertible debentures and the interest on the Debentures will not form part of the total income as per provisions u/s. 10 (15) (iv) (h) of I.T. Act, 1961.

· The bonds are rated ‘CRISIL AAA /Stable’ by CRISIL and ‘ICRA AAA/Stable’ by ICRA and ‘CARE AAA’ by CARE indicating highest safety regarding timely servicing of financial obligations.

· The Tranche-II Bonds bear an attractive coupon rate as details below:

Period	10 Years		15 Years		20 Years
Tranch II -Series of Bonds	Series 1A	Series 1B	Series 2A	Series 2B	Series 3A	Series 3B
Coupon Rate for Category I, II & III (p.a.)	8.25%	--	8.68%	--	8.65%	--
Coupon Rate Category IV(p.a.)	--	8.50%	--	8.93%	--	8.90%

· The Allotment shall be made on a first come first serve basis, based on the date of upload of each Application into the electronic system of the Stock Exchanges, in each Portion, subject to the Allocation Ratio.

· The Allotment shall be done in Demat as well as physical form at the option of the applicants.

· The bonds will be listed on National Stock Exchange of India Ltd (NSE) and shall be traded in dematerialized form only.

· There is no put / call option for the bonds.

· The Bonds proposed to be issued are secured by Pari passu floating first charge on the specific book debts of NHB as may be mentioned in the security documents and/ or Bond Trust Deed and as may be further notified by NHB to the Trustee, from time to time, with an asset cover of one time of the total outstanding amount of Bonds, from time to time.