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 National Highways Authority of India (NHAI) issues Tax Free Bonds

       Issue Details
Issue opens Wednesday, February 24, 2016
Issue closes Tuesday, March 1, 2016        
Allotment First Come First Serve Basis
Face Value Rs. 1000 per Bond
Issue Price Rs. 1000 per Bond
Issue Size Rs. 500 Crs with anoption to retain over subscription up to RS. 2,800 Crs aggregating up toRs. 3,300 Crs.
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
Rating "CRISIL AAA/ Stable" by CRISIL, "CARE AAA" by CARE, "IND AAA" by IRRPL Limited and "[ICRA] AAA" by ICRA


      Allocation Ratio
QIB
(Category 1)
Corporate
(Category 2)
High Net Worth Individuals (Category 3)
Retail Individual Investors (Category 4)
20% of the Issue Size
20% of the Issue Size
20% of the Issue Size
40% of the Issue Size

      Specific Terms of Each Series of Bonds
Options
Option 1

Option 2

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 II Series 1A

Tranche II Series 2A

Coupon Rate/ Annulised Yield (%) p.a.
7.04%

7.39%

Coupon Rates for Category IV
Series of Bonds
Tranche II Series 1B

Tranche II Series 2B

Rate/ Annulised Yield (%) p.a.
7.29%

7.69%




For more details, contact your RM/nearest branch or Click Here to read offer details.
To apply online visit: www.rathi.com