NHAI Tax Free Bond Tranche II Issue.

Please Share::

�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->

NHAI Tax Free Bond Tranche II Issue.

Issuer	NATIONAL HIGHWAYS AUTHORITY OF INDIA
Issue Size	Rs. 500 Crores with an option to retain over subscription up to Rs. 2,800 Crores aggregating upto Rs. 3,300 Crores.
Issue opens	February 24, 2016
Issue closes	March 01, 2016
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	AAA” from IRRPL, CARE, ICRA and “AAA/Stable” from CRISIL
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
Coupon Rates for Category I, II and III#
Series of Bonds	Tranche II Series IA	Tranche II Series II A
Coupon Rate (%) p.a.	7.04%	7.39%
Annualized Yield (%) p.a.	7.04%	7.39%
Coupon Rates for Category IV#
Series of Bonds	Tranche II Series IB	Tranche II Series IIB
Coupon Rate (%) per annum	7.29%	7.69%
Annualized Yield (%) p.a.	7.29%	7.69%