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 slab) |
10.91% | 10.99% | 11.22% |
Effective Pre-Tax Yield (10% tax slab) |
9.65% | 9.73% | 9.93% |
Minimum Application | Rs 5000 | ||
Maximum Application | Rs 10 lacs ( Retail) | ||
Issue Opens on | 03-Dec-13 | ||
Issue Closes on | 16-Dec-13 |
About the Company
Other Important Points
- Investors can choose to apply in demat as well as physical form. Demat account is not mandatory. However, if you want to sell/trade these bonds before maturity, it is mandatory to have a demat account. You can subscribe to them in physical form as well and keep them till maturity.
- Interest will get credited to your linked bank account through ECS. The interest payment date is not yet fixed but the first due interest will be paid after 1 year from the deemed date of allotment.
- The allotment will be made on a “first-come-first-served” basis. Allotment will be done within 12 working days from the closing date of the issue.
- Bonds will be listed on NSE & BSE
- NRI Investment: NRIs can also invest in this issue on non-repatriation basis.
Download the Form
You can download the Form from NTPC Website.
Taxation Aspects of Tax FREE Bonds
Read my Post – Taxation Aspects of Tax free Bonds?
Merits & Demerits of Tax free Bonds
Read – Tax free Bonds – Should you invest in these?
Allotment Status of NTPC Tax free Bonds
Youc an check the Allotment status of your NTPC Tax free Bonds application at link below by entering application number / PAN number: