Month: October 2013

Buying precious metal (specially Gold) is considered auspicious on Diwali (3-Nov) / Dhanteras (01-Nov 2013). Gold prices are expected to run upto Rs 33000 /per 10 gram. If you are considering to buy Gold Coins this diwali, this comparison chart will help you to get the best rates Comparison Chart - Gold Coin Rates at various Banks  (as on 31-Oct-2013) ** Above Rates are exclusive of Sales Tax / VAT (which is normally 1%) ICICI Bank also offers gold in 0.5gm, 1 gm & 2.5 gm denomination NOTE:  Banks offer Gold Coins which are 24 Karat Gold with .999 finesse.  Other jewellers might offer 24K with .995 finese. Please check before buying. Bank donot offer buy back facility while jewellers may buy back coins sold by them. Alternatives 1) You can also buy Gold Coins with reputed Jewellers....

National Hydroelectric Power Corporation ( NHPC ) has hit the debt market with Rs 1000 crore TAx free bonds. After REC, HUDCO, IIFCL,PFC this is the another Tax free bond issue in 2013-2014. The tax free bonds issue would open from 18-Oct-2013 and close on 11-Nov-2013 The issue is AAA rated by CRISIL, ICRA, CARE highest safety rating NHPC Tax Free Bonds (Tranche 1) Details Series 1B Series 2B Series 3B Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.43% 8.79% 8.92% Effective Pre-Tax Yield (30% tax slab) 12.20% 12.72% 12.91% Effective Pre-Tax Yield (20% tax slab) 10.62% 11.07% 11.23% Effective Pre-Tax Yield (10% tax slab) 9.40% 9.80% 9.94% Minimum Application Rs 5000 Maximum Application Rs 10 lacs ( Retail) Issue Opens o...

Power Finance Corporation (PFC) has been allotted Rs 5000 crore for raising funds through tax free bonds. Some of it has already been raised through private placement and approx. Rs 3875 crore is being raised through this issue. From it 40% is reserved for retail investors. The tax free bonds issue would open from 14-Oct-2013 and close on 17-Nov-2013 The issue size is Rs 750 crore with an option to retain oversubscription up to Rs 3876 crore Power Finance Corporation Tax Free Bonds Oct 2013 (Tranche 1) Details Series 1B Series 2B Series 3B Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.43% 8.79% 8.92% Effective Pre-Tax Yield (30% tax slab) 12.20% 12.72% 12.91% Effective Pre-Tax Yield (20% tax slab) 10.62% 11.07% 11.23% Effective...

    Shriram Transport Finance Company (STFC) has opened its public issue of NCDs on 7-Oct-2013 & it closes on 21-Oct-2013 offering 6 investment options with yield upto 11.75%.  (Closed early on 14-Oct-2013)   This is the second NCD issue of this financial year from STFC, as the company raised Rs. 750 crore from its first issue in July 2013.   Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 250 crore through this issue, with an option to retain oversubscription upto Rs 250 crore, aggregating to a total of upto Rs 500 crore. Listing – Proposed to be listed on NSE & BSE Credit Rating - AA/stable by CRISIL and AA+ by CARE   Investment options – Annually / Cumulative Interest for 36 months, 60 months , 84 months About Company STFC is one of the largest asset financin...

Review of -  IIFCL Tax Free Bonds - Tranche III - February 2014 India Infrastructure Finance Company proposes to raise upto Rs 500 crore with an option to retain over subscription upto Rs 2,000 crore aggregating to Rs 2,500 crore through tax free bonds issue of secured redeemable non-convertible debentures.  (Tranche I) The tax free bonds issue would open from 03-Oct-2013  and closes on 31-Oct-2013   Indian Infrastructure Finance Co Ltd  (IIFCL)  Tax Free Bonds - Tranche I Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.26% 8.63% 8.75% Effective Pre-Tax Yield (30% tax slab) 11.95% 12.49% 12.66% Effective Pre-Tax Yield (20% tax slab) 10.40% 10.87% 11.02% Effective Pre-Tax Yield (10% tax ...