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NHPC Tax Free Bonds Oct 2013:


NHPC Ltd – Govt Of India Undertaking company – have come with an public issue of Tax Free , Secured bonds as permitted by Govt Of India.

NHPC is looking to raise Rs.500 Crore with option to retain the over subscription of same amount – aggregating upto Rs.1000 Crore.

Imp Dates:

  1. Issue Open Date:Oct 18,2013.
  2. Issue Close Date:Nov11,2013.

Interest rates offered by NHPC is very similar to that offered by Power Finance Corporation – PFC which is opened today Oct 14, 2013.

Interest Rates:

NHPC TAX FREE BONDS 2013

 

So coupon rates of both PFC issue and NHPC are same.Just difference is that NRIs won’t be able to invest in this issue.

Rest,Credit rating of issue is “AAA” – offered by CARE,ICRA and IRRPL which indicates the highest safety of the issue and worth considering for investment for annual tax free income.


Category: Fixed Income

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Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
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