Day: 28 December 2013

National Housing Bank (NHB) is targeting to raise up to Rs 1,000 crore with an option to retain over-subscription up to Rs.2,100 crore. The issue is open from 30-Dec-2013 to 31-Jan-2014   On 1st day of issue itself, it is oversubscribed by 2.08 times the issue size National Housing Bank  (NHB) Tax Free Bonds  Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.51% 8.88% 9.01% Effective Pre-Tax Yield (30% tax slab) 12.32% 12.85% 13.04% Effective Pre-Tax Yield (20% tax slab) 10.72% 11.18% 11.35% Effective Pre-Tax Yield (10% tax slab) 9.49% 9.90% 10.04% Minimum Application Rs 5000 Maximum Application Rs 10 lacs ( Retail) Issue Opens on 30-Dec-13 Issue Closes on 31-Jan-14 About the Com...