27 December 2011

NHAI Tax Free Bonds: earn upto 8.3% p.a.

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Issue Highlights :
üSecured, redeemable, non-convertible debentures with tax benefits under The Income Tax Act, 1961
üRated “AAA” by CRISIL, CARE & FITCH respectively
üInterest Income on the Bonds is tax-free in nature
üVarious Modes of Interest Payment
üOption of Issuing either in Demat or physical form
ü*Allotment on 1st come 1st serve basis for Category I & II
üNRIs can apply on repatriable and  non repatriable basis
üTo be listed on NSE & BSE
 
About the Company
  • Autonomous Body of Govt. of India under the Ministry of Road, Transport & Highways
  • Aims to survey, develop, maintain & manage National Highways
  • Awarded 141 BOT Toll based contracts worth Rs 1,04,984 crores as on March 31, 2011
  • Shareholders fund- Rs 55,607.04 crores as on August 31, 2011
  • Debt capital Ratio- .11% as on June 30, 2011
.
Details of the issue :
.
ParticularsSeries 1Series 2
Tenure10 years15 years
Issue Opens28th December 2011
Issue Closes11th January 2012
Issue SizeIssue aggregating to Rs 50000 lakhs
Rate of Interest8.20% p.a.8.30% p.a.
Interest paymentAnnual
RatingCRISIL "AAA", CARE "AAA" (IND) & FITCH "AAA" (IND)
Face ValueRs. 1000
Who can apply Resident Individuals/HUF/QIBs/Corporates/NRIs(both NRE & NRO)
Redemption10 years from the deemed date of allotment15 years from the deemed date of allotment
ListingBSE & NSE
Minimum SubscriptionRs. 50,000
RegistrarsMCS Limited
Maturity AmountRepayment of the Face Value plus any interest that may have accrued at the Redemption
Basis of Allotment:
CategoryPortionAllotment BasisSize (%)
QIBs and CorporatesInstitutionalFirst Come, First Serve basis40% of overall issue size
Resident Individuals, HUFs, NRIs (Investment > 5 lakhs)HNIsFirst Come, First Serve basis30% of overall issue size
Resident Individuals, HUFs, NRIs (Investment > 5 lakhs)RetailProportionate basis30% of overall issue size

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