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Grey market premium, Tax free bond of IRFC and Hudco
IRFC (Indian railways): Rs 2-3
HUDCO: Rs 0.50 - Rs 1
Note: NHAI got listed last week and is trading at 102.55 for 10 year bond ( Rs 2.55 premium)
and 102.75 for 15 year bond ( Rs 2.75 premium)
As interest rate for NHAI and IRFC is same; premium will not be different.
HUDCO has 0.05% higher interest rate; but rating is lower. It is AA+ rated; but IRFC and NHAI are AAA rated; so premium will be less
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Grey market premium, Tax free bond of IRFC and Hudco
IRFC (Indian railways): Rs 2-3
HUDCO: Rs 0.50 - Rs 1
Note: NHAI got listed last week and is trading at 102.55 for 10 year bond ( Rs 2.55 premium)
and 102.75 for 15 year bond ( Rs 2.75 premium)
As interest rate for NHAI and IRFC is same; premium will not be different.
HUDCO has 0.05% higher interest rate; but rating is lower. It is AA+ rated; but IRFC and NHAI are AAA rated; so premium will be less
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