Bonds

RBI has issued a circular on 11th March 2015 to start opening the Sukanya Samriddhi Account as per Government notification. https://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=9594   As part of this circular,RBI also provided the Specimen of account opening application form and the passbook of the Sukanya Samriddhi Account Account Opening Application Form Specimen of Passbook   Application form download for Post office - Post office are also accepting this form for opening Sukanya Samriddhi Account Sukanya Samriddhi Account Opening Form- Post office   Also, Read other Articles related to Sukanya Samriddhi Account below:   Sukanya Samriddhi Yojna - List of 28 banks to open this Account Sukanya Samriddhi Account - Features & Review Sukanya ...

9.50% IFCI secured redeemable non-convertible debentures (NCD) Issue January 2015 IFCI has opened its public issue of NCDs Tranche II on 01-Jan-2015 &  it closes on 04-Feb-2015  offering 8 investment options with yield upto 9.50% .  This is the second NCD issue by IFCI with previous one issued in Oct 2014.  Type of Instruments – Public issue of the secured redeemable non-convertible debentures (NCD) Size of Issue –Rs. 250 crore with an option to retain oversubscription up to the residual shelf limit of Rs. 790.81 crore Listing – Proposed to be listed on NSE & BSE  (within 12 working days of closing the issue) Credit Rating – Brickwork Ratings  ‘AA-’ with  ‘Stable’ outlook, ICRA ‘A’ with a ‘Stable’ outlook.  These NCDs are ‘Secured’ in nature and in case of any default in payment...

      Shriram Transport Finance Company (STFC) has opened its public issue of NCDs on 02-July-2014 & it closes on 22-July-2014 offering 8 investment options with yield upto 11.75%.    This is the first NCD issue of this financial year from STFC. The comapnby has few NCD issues in 2013-2014   Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 1000 crore through this issue, with an option to retain oversubscription upto Rs 1000 crore, aggregating to a total of upto Rs 2000 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 Annual Interest Payment:For Individual Investors STFC NCD July 2014 -  Annual Interest Option    ...

SREI Infrastructure Finance has opened its public issue of NCDs on 09 May 2014 and it closes on 9-Jun-2014 Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 150 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 About Company SREI is a Public Financial Institution (PFI). It is a RBI registered non deposit taking NBFC. 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...

Kosamattam Finance Limited has opened its public issue of NCDs on 23 April 2014 and it closes on 22 May 2014 ( Closed early on 6-May-2014) Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 100 crores Listing – Proposed to be listed on BSE Credit Rating - BB by CARE Investment option – Monthly/ Cumulative Interest for 390 days, 18 months, 36 months, 66 months About Company Kosamattam Finance Ltd, headquartered in the southern Indian state of Kerala, is a NBFC lending money against pedge of used household gold jewellery “Gold Loans” in the state of Kerala, TamilNadu, Karnataka Andra Pradesh, Delhi and in the Union Territory of Poducherry. The Kosamattam group was originally founded by Mr. Chacko Varkey. His grandson, Mr. Mathew K. Cherian, the present Chairman and managi...

Shriram City Union Finance has opened its public issue of NCDs on 16th April 2014 and it closes on 16-May-2014 ( Closed early on 21-April-2014) Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 200 crores Listing – Proposed to be listed on BSE & NSE Credit Rating - AA by CARE Investment option – Annually / Cumulative Interest for 3 yrs, 4 yrs, 5 yrs About Company Shriram City Union Finance Limited (SCUF) is a part of the Chennai based Shriram group of companies and the sister concern of Shriram Transport Finance. They are entering the debt market second time. SCUF is incorporated in 1986 and is registered with the Reserve Bank of India as a deposit-taking non-banking finance company (NBFC) with its presence in gold loans, small business finance loans, auto loans, two-...

Tax free bonds are flavour of the market since 2012 with many Government & PSU companies raising thousands of crores from market via these Bonds. There Bonds are offering good returns for long duration as well as tax free income.  In 2012-2013, Around 10 government owned companies raised Rs 50000 crores via tax-free bonds. Positive Points Safe & Secure - All tax-free bonds are issued only by government-owned companies. So they are unlikely to default. These are normally rated AA or higher. Tax FREE Interest -  Interest received on these bonds are fully exempt from income tax. ( as per Section 10 (15) (iv) (h) of Income Tax Act, 1961) No TDS -  Since the interest income on these Bonds is exempt from tax, no Tax Deduction at Source (TDS) is required. No Wealth Tax -  Wealth Tax...

Ennore Port  is targeting to raise up to Rs 500 crore with an option to retain over-subscription up to Rs.750 crore.  It has AA Credit Rating. The issue is open from 18-Feb-2014  to 14-Mar-2014 . However, it may close early, depending on response.    Ennore Port  Tax Free Bonds  Details Series I Series II Series II Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.61% 9.00% 9.00% Effective Pre-Tax Yield (30% tax slab) 12.46% 13.02% 13.02% Effective Pre-Tax Yield (20% tax slab) 10.84% 11.34% 11.34% Effective Pre-Tax Yield (10% tax slab) 9.60% 10.03% 10.03% Minimum Application Rs 5000 Maximum Application Rs 10 lacs ( Retail) Issue Opens on 18-Feb-14 Issue Closes on 14-Mar-2014 (May close early) About the Company ...

Indian Renewable Energy Development Agency (IREDA)  is targeting to raise up to Rs 500 crore with an option to retain over-subscription up to Rs.1000 crore.  It has AAA credit Rating. The issue is open from 17-Feb-2014  to 10-Mar-2014 . However, it may close early, depending on response.   IREDA  Tax Free Bonds  Details Series I Series II Series II Tenor 10 Years 15 years 20 years Interest Paid Annual Annual   Coupon Rate 8.41% 8.80% 8.80% Effective Pre-Tax Yield (30% tax slab) 12.17% 12.74% 12.74% Effective Pre-Tax Yield (20% tax slab) 10.59% 11.08% 11.08% Effective Pre-Tax Yield (10% tax slab) 9.38% 9.81% 9.81% Minimum Application Rs 5000 Maximum Application Rs 10 lacs ( Retail) Issue Opens on 17-Feb-14 Issue Closes on 10-Mar-2014 (May close e...

Review of -  IIFCL Tax Free Bonds - Tranche III - February 2014 India Infrastructure Finance Company proposes to raise upto Rs 2823 crore through tax free bonds issue of secured redeemable non-convertible debentures.  (Tranche III) The tax free bonds issue would open from 17-Feb-2014 and closes on 14-Mar-2014 (May close early. Last tranche oversubscribed on Day 1) Indian Infrastructure Finance Co Ltd  (IIFCL)  Tax Free Bonds  - Tranche 3 Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.41% 8.80% 8.80% Effective Pre-Tax Yield (30% tax slab) 12.17% 12.74% 12.74% Effective Pre-Tax Yield (20% tax slab) 10.59% 11.08% 11.08% Effective Pre-Tax Yield (10% tax slab) 9.38% 9.81% 9.81% Minimum Appli...