Monday, April 15News That Matters

Bonds

IRFC Tax Free Bonds – Jan 2014 – Details

Bonds
IRFC is offering tax-free secured redeemable non convertible bonds to raise Rs 1500 crore, with an option to retain oversubscription upto Rs 8663 crore. The issue will be open during 06-Jan-2014 to 20-Jan-2014 (extended to 7-Feb-2014) Indian Railway Finance Corporation  (IRFC)  Tax Free Bonds  Details Series I Series II Tenor 10 Years 15 years Interest Paid Annual Annual Coupon Rate 8.48% 8.65% Effective Pre-Tax Yield (30% tax slab) 12.27% 12.52% Effective Pre-Tax Yield (20% tax slab) 10.68% 10.89% Effective Pre-Tax Yield (10% tax slab) 9.45% 9.64% Minimum Application Rs 5000 Maximum Application Rs 10 lacs ( Retail) Issue Opens on 06-Jan-04 Issue Closes on 07-Feb-14 About the Company IRFC primarily funds buying of locomotives, coaches and wagons f...

Where should I invest my money?

Bonds, Featured
  There is a famous saying in financial world that you will become rich by “Investing” not only “Saving”. Well, Isn’t Investing & Saving is the same thing? Actually No, when you save money, you put it in extremely safe, liquid option like Bank Account, Fixed deposit etc. Saving is mainly to keep pace with Inflation or short term goals or for emergency. When you want to invest, you look around for various available options which can grow your wealth. Based on the goal horizon & risk appetite, you can invest your money in options like Shares, Mutual Funds, Property etc A. Fixed Income Savings Bank Account Sweep-in FD Account Fixed Deposits Recurring Deposit Public Provident Fund (PPF) PO National Savings Certificate – NSC RBI Tax free Bonds Corporate Non-Convertible deben...

NHB Tax Free Bonds – Dec 2013 to Jan 2014 – Details

Bonds
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...

India Infoline Housing Finance (IIHFL) NCD – IIFL Home Bonds – Dec 2013 – Details & Review

Bonds
India Infoline Housing Finance Limited (IIHFL), the housing finance arm of India Infoline Limited, plans to open  public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each.  - IIFL Home Bonds Recently. India Infoline Finance Limited, parent company of IIHFL, raised Rs 1,050 crores,through NCDs. Issue open & Close :  12 Dec 2013 to 20 Dec 2013 Type of Instruments – Secured Redeemable & non-Convertible Debentures -  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 – Both DMAT & Phyical Form -   Proposed to be listed on BSE / NSE Credit Rating –  CRISIL AA-/Stable’ and ‘CARE AA-'  (denotes high degree of safety) Invest...

IIFCL Tax Free Bonds Tranche 2 – Dec 2013 – Details

Bonds
Review of -  IIFCL Tax Free Bonds - Tranche II - December 2013 India Infrastructure Finance Company proposes to raise upto Rs 1000 crore with an option to retain over subscription upto Rs 2,000 crore aggregating to Rs 3000 crore through tax free bonds issue of secured redeemable non-convertible debentures.  (Tranche II) The tax free bonds issue would open from  09-Dec-2013  and closes on 10-Jan-2014   (already oversubscribed - Rs 1000 crore on 1st day of opening) Indian Infrastructure Finance Co Ltd  (IIFCL)  Tax Free Bonds  - Tranche II Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.66% 8.73% 8.91% Effective Pre-Tax Yield (30% tax slab) 12.53% 12.63% 12.89% Effective Pre-Tax Yield (20% tax s...

HUDCO Tax Free Bonds Tranche 2 – Dec 2013 – Details

Bonds
Housing and Urban Development Corporation Limited (HUDCO) has come out with its 2nd tranche of tax free bonds of face value Rs 1000 each aggregating to Rs 500 crore with an option to retain oversubscription up to the shelf limit of Rs 2439.19 crore. The company had already raised R2,370 crore in the first tranche of tax-free bonds launched in September. Coupon rate in 2nd tranche of bonds are higher than those offered in 1st tranche.  The issue will open for subscription on December 2, 2013 and is scheduled to close on January 10, 2014. CARE has given credit rating of 'CARE AA+' while IRRPL has given 'IND AA+'. HUDCO Tax Free Bonds -  Dec 2013 (Tranche 2) Details Series 1 Series 2 Series 3 Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rat...

NTPC Tax Free Bonds – Dec 2013 – Details

Bonds
NTPC has come out with its public issue of tax-free secured redeemable non-convertible bonds of a face value of Rs 1,000 each in the nature of debentures having tax benefits, aggregating up to Rs 1,750 crore (Including option to retain oversubscription of Rs 750 crore). NTPC tax free bonds issue would open from 3-Dec-2013 and close on 16-Dec-2013  (it may close early).  UPDATE- 4 Dec - The issue is oversubscribed and will close on Wed 4-Dec 2013 The issue is AAA rated by CRISIL, ICRA, - highest safety rating NTPC Tax Free Bonds - Tranche 1 Details Series 1 Series 2 Series 3 Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.66% 8.73% 8.91% Effective Pre-Tax Yield (30% tax slab) 12.53% 12.63% 12.89% Effective Pre-Tax Yield (20% tax sla...

Comparison of Goin Coin rates in India & from where to buy them – (Gold Rates today)

Bonds
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....

NHPC Tax Free Bonds – Oct 2013 – Details

Bonds
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...

PFC Tax Free Bonds – Oct 2013 – Details

Bonds
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...