Housing and Urban Development Corporation’s (HUDCO) tax-free bond issue to raise about Rs. 4,800 crore will open for subscription on 17 September, 2013. The issue will close on October 14, 2013. The lender will offer coupon rate of 8.4 %, 8.51 % and 8.49 % for bonds with te…
Showing posts with label Tax Free Bonds. Show all posts
Showing posts with label Tax Free Bonds. Show all posts
REC Tax free Bond Starts...
With all asset class being volatile, investors are scouting for save heaven.With inflation being at 9 % beating it with guaranteed income and safe capital it is next to impossible in the current context. However, with lot of reforms are being in place and with good monsoon n…
PFC Tax Free Bond :Issue Opens..!
State run Power Finance Corporation (PFC) plans to raise Rs. 100 crore through tax - free bonds issue that begins on Monday (18-2-2013). The proposed issue is part of its plan to garner Rs. 5,000 crore by way of issuing tax-free securities in the current financial year (2012-…
Tax Free Bonds : Alternate Investment Avenues..!
By Mr. B. Venkatesh If you are aware of tax-free bonds, you would have most likely invested in the recently concluded offering from Rural Electrification Corporation (REC) & Power Finance Corporation (PFC). Or maybe you did not invest because you were unimpressed with the…
IIFCL: Tax Free Bond Issue, 7.90% Returns..!
India Infrastructure Finance (IIFCL) plans to raise up to Rs. 9,215 cr through tax-free bonds to fund infrastructure projects in India.. The company plan to raise Rs 1,500 crore with green shoe option up to the shelf limit of Rs. 9,215 crore on firstcome first-serve basis. W…
Power Finance Corporation: Plans to Raise up to Rs. 5,000 cr via Tax-free Bonds..!
State run lending agency Power Finance Corporation (PFC) plans to raise up to Rs. 4,590 crore through tax-free bonds by March next year (2013). The issue is part of its plan to garner Rs. 5,000 crore by way of issuing tax free securities in the current fiscal. (2012-13). Out…
REC Opens Public Issue: Tax Free Secured Bonds…!
Allotment on First Come First Served Basis Highlights....! Issue Size Rs. 1,000 crore with an option to retain over subscription up to the shelf limit of Rs. 4,500 crore. Instrument Tax Free Secured Redeemable Non-Convertible Bonds of face value of Rs. 1,000 each in the nature o…
Tax-free Bonds : Hudco, IRFC
IRFC (Indian Railway Finance Corporation) & Hudco (Housing and Urban Development Corporation), are tapping the bond market to raise about via Tax free bonds Rs. 11,000 crore starting from January 27, 2012. Both, IRFC & Hudco, are launching their public issue of tax…
IRFC: Launch 6,300 cr Tax free Bond, Open on January 27
Indian Railways Finance Corporation (IRFC) will launch its tax-free bond issue, offering up to 8.30% to retail investors. The bonds will be available in tenures of 10 years and 15 years, where with 8.15% on the 10-year bond and 8.30% on the 15 year bond. The HNI's (Hig…
IDFC: Issue Rs 5,000 Cr tax free infrastructure bonds
IDFC ( Infrastructure Development Finance Company) plans to issue Rs. 5,000 crore of long-term infrastructure bonds/ tax free (saving) bonds. IDFC filed a draft shelf prospectus on the website of the SEBI ( Securities & Exchange Board of India.) The IDFC will issue th…
