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:
- Issue Open Date:Feb 18, 2014
- 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:
- Issue is proposed to be listed on BSE and bonds are tradable at BSE.
- Issue is secured and security cover is for one time of outstanding bonds.
- 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.
