NABARD Tax Free Bond Issue

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Important note - Category size (Total Issue Size 3500 Crore)

Category - I - 15% of the Issue Size (QIB)

Category - II -15% of the Issue Size (Corporate)

Category- III- 10% of the Issue Size (HNI)

Category - IV -60% of the Issue Size (Retail)

Issue Details : NABARD Tax Free Bond Issue.

Issuer	NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Issue Size	Rs. 3,500 crore.
Issue opens	Wednesday, March 09, 2016
Issue closes	Wednesday, March 16, 2016
Allotment	First Come First Serve Basis
Face Value	Rs. 1000
Issue Price	Rs. 1000
Mode of Issuance	In physical and dematerialised form.
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
Rating	‘“CRISIL AAA / Stable” by CRISIL and “IND ‘AAA’ / Stable” by India Ratings.

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	Series IA	Series IIA
Coupon Rate (%) p.a.	7.04%	7.35%
Annualized Yield (%) p.a.	7.04%	7.35%
Coupon Rates for Category IV
Series of Bonds	Series IB	Series IIB
Coupon Rate (%) per annum	7.29%	7.64%
Annualized Yield (%) p.a.	7.29%	7.64%

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