NHAI Tax free bonds-Dec 2015.

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details of upcoming NHAI Tax free bonds-Dec 2015.

Issuer	NATIONAL HIGHWAYS AUTHORITY OF INDIA
Issue Size	Rs. 1,00,000 lakhs with an option to retain over subscription upto Rs. 9,00,000.00 lakhs aggregating upto Rs. 10,00,000.00 lakhs.
Lead Manager	Edelweiss Financial Services Limited, AK Capital, Axis, SBICAP and ICICI
	Kotak Securities Limited is one of the Broker to the issue.
Issue opens	Thursday, December 17, 2015
Issue closes	Thursday, December 31, 2015
Allotment	First Come First Serve Basis
Face Value	Rs. 1000 per Bond
Issue Price	Rs. 1000 per Bond
Nature of Instrument	Tax-free secured redeemable and non-convertible
Minimum Application	5 Bonds (Rs. 5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond (Rs. 1,000) thereafter
Listing	BSE / NSE
Rating	“IND AAA” by IRRPL, “CARE AAA” by CARE , “[ICRA] AAA” by ICRA and "CRISIL AAA/Stable”
NRI	NRI cannot apply in the Issue

SPECIFIC TERMS FOR EACH SERIES OF BONDS

Options	Option 1	Option 2
Frequency of interest payment	Annual	Annual
Tenure of Bonds	10 years	15 years
Maturity/Redemption Date	10 years from Deemed Date of Allotment	15 years from Deemed Date of Allotment
Coupon Rates for Category I, II and III#
Series of Bonds*	Tranche I Series IA	Tranche I Series II A
Coupon Rate (%) p.a.	7.14%	7.35%
Annualized Yield (%) p.a.	7.14%	7.35%
Coupon Rates for Category IV#
Series of Bonds*	Tranche I Series IB	Tranche I Series IIB
Coupon Rate (%) per annum	7.39%	7.60%
Annualized Yield (%) p.a.	7.39%	7.60%

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