NHPC Tax Free Bonds – Oct 2013 – Details
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...