National Housing Bank – wholly owned by Reserve Bank Of India – which operates as principal agency to promote Housing Finance institutions and provide financial support to such institutions.NHB has come up with their Second Tranche of Tax Free Bonds
NHB can raise Rs.1000 crore through this issue.
Details of NHB Tax Free Bonds are as below:
Imp Dates:
- Issue Open Date:March 07,2014
- Issue Close Date: March 18,2014.
Interest Rates:
Coupon Rates for Category IV Investors – investing for Rs.10 Lakh or Less.
| Options | For Category IV Investors only – Investing For Rs.10 Lakh or less. | ||
| Tranche II – Series 1B | Tr-II –Series2B | TrII Series3B | |
| Coupon Rate | 8.50% | 8.93% | 8.90% |
| Tenure | 10 Years | 15 Years | 20 Years |
Credit Rating : AAA – by CARE,CRISIL and ICRA.
Overall, A good issue if you are looking for safe pension like , long term periodic income.
