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:

 

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.