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Ennore Port Limited – EPL Tax Free Bonds Feb 2014 @9%:


Ennore Port Limited – EPL –  developer and operator of Ennore Port ,India’s 12th major port in India,under ministry of shipping,Govt Of India  has come up with an issue of tax free bonds.

Ennore Port will raise capital of Rs.500 Crore through this issue.

Important Dates:

  1. Issue Open Date:Feb 18, 2014
  2. Issue Close Date:March 14, 2014.

Interest Rates:

Options

For Category I,II and III

Tr.I Series 1A

Series IIA

Series IIIA

Coupon Rate %

8.36%

8.75

8.75

Options

For Category IV Only

Series 1B

Series 2B

Series 3B

8.61

9.00%

9.00%

Tenor

10 Yrs

15 Yrs

20 Yrs

 Credit Rating : “AA” By CARE and ICRA . stable outlook.

Other Details:

  1. Issue is proposed to be listed on BSE and bonds are tradable at BSE.
  2.  Issue is secured and security cover is for one time of outstanding bonds.
  3. Rest,annual interest will be tax free in hands of investors and its good option for investors looking for longer term ,periodic,stable income option.

 


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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