Misc

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...

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...

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 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...

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...

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 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...