National Housing Bank (NHB), raising about Rs 2,100 crore by issuing
tax-free bonds.
The base issue size is Rs 1,000 crore with an option to retain
over-subscription up to Rs 2,100 crore.
The issue opened on December 30 ,
2013 and is scheduled to close on January 31, 2014.
The bonds are proposed to
be listed on the National Stock Exchange.
The bonds of Rs. 5,000 each will be issued in tenors of 10, 15 and 20
years.
For retail investors, the coupon rate would be 8.51%, 8.88% and 9.01%
payable annually for 10, 15 and 20 years, respectively, for bonds up to Rs 10
lakh.
Interest rates of 8.26%, 8.63% and 8.76% are payable annually for 10, 15
and 20 years, respectively, for qualified institutional buyers, corporates and
high net worth individuals.
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