Author: wealth18.com

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 ...

Housing and Urban Development Corporation (Hudco) is targeting to raise up to Rs 4810 crore through the second tranche of its public issue of tax-free bonds.The Finance Ministry has allowed Hudco to raise Rs. 5,000 crore through bonds during 2013-2014, of which Rs. 191 crore has been raised last month through private placement to institutional investors. The tax free bonds issue would open from 17-Sep-2013 and close on 14-Oct-2013 The issue size is Rs 750 crore with an option to retain oversubscription up to Rs 4810 crore CARE has given credit rating of 'CARE AA+' while IRRPL has given 'IND AA+ HUDCO Tax Free Bonds  Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.39% 8.76% 8.74% Effective Yield ...

India Infoline is raising Rs 1050 crores through issue of debentures offering 12% for 3 & 5 years tenure. Issue open & Close :  17th Sep to 4 Oct 2013 Type of Instruments – Secured & UnSecured Redeemable NCDs Size of Issue - Rs 525 crore through this issue, with an option to retain oversubscription upto Rs 525 crore, aggregating to a total of upto Rs 1050 crore. Listing – Proposed to be listed on BSE / NSE Credit Rating – CARE AA by CARE  & BWR AA by Brickwork Investment options – Monthly / Annually / Interest for 3 years & 5 years About Company IIFL is a subsidiary of India Infoline Limited (“IIFL”), a diversified financial services company. It is a non-deposit taking NBFC focusing on Mortgage Loans, Commercial Vehicle Finance, Gold Loan, Capital Market Finance and H...

SREI Infrrastructure Finance has opened its public issue of NCDs on 26 Aug 2013 and it closes on 17-Sep-2013 Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 200 crores Listing – Proposed to be listed on BSE Credit Rating - AA-/negative by CARE  and AA by BRICKWORK Investment option – Monthly / Annually / Cumulative Interest for 3 yrs, 5 yrs & 6 years About Company SREI is a Public Financial Institution (PFI). The company provides financial services to its customers engaged in infrastructure development and construction, with particular focus on power, road, telecom, port, oil and gas and special economic zone (SEZ) sectors in India with a medium to long term perspective. Total income on a standalone basis for the period ended March 31, 2013 and March 31, 2012 stood a...

Muthoot Finance has opened its public issue of NCDs on 2-Sep-2013 & it closes on 16-Sep-2013 offering 11 investment options with yield upto 12.55% Type of Instruments – Secured & UnSecured Redeemable NCDs Size of Issue - Rs 150 crore through this issue, with an option to retain oversubscription upto Rs 150 crore, aggregating to a total of upto Rs 300 crore. Listing – Proposed to be listed on BSE Credit Rating - AA-/negative by CRISIL and AA-/negative by ICRA . Investment options – Monthly / Annually / Cumulative Interest for 24 months, 36 months, 60 months , 72 months About Company Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company provides personal and business loans secured by gold jewellery, or gold loans, primarily to indivi...

State-run Rural Electrification Corp (REC) plans to raise Rs. 3,500 crore from the market which is inclusive of the green-shoe option of Rs. 2,500 crore. The issue is open on 30-Aug-2013  &  expected to be oversubscribed and will perhaps end before its schedule closing date of 23 September, 2013. Issue Open on 30-Aug-2013 Issue Closes on 23-Sep-2013 (First-come-first-serve) CRISIL, CARE, India Ratings and ICRA have given the high 'AAA' rating to the bonds.   What is the interest rates offered on these REC tax free Bonds? Options Series 1 Series 2 Series 3 Tenure 10 years 15 years 20 years Coupon rates (retail individual investors) 8.26% 8.71% 8.62% Effective yield - 30.9% tax bracket 11.95% 12.60% 12.47% Effective yield - 20.6% tax bracket 10.40% 10.97% 10.86...