NHB Tax Free Bonds: Issue opening on 7th Mar 2014

NHB Tax Free Bonds

Issue opening on 7th Mar 2014

Key Features:

    National Housing Bank Ltd is wholly owned by the RBI

    Credit Ratings : AAA by CARE , AAA (Stable) by CRISIL & ICRA

    Interest on these Bonds is Tax-Free, no TDS is applicable, Wealth Tax is not levied

    Issue Size: Rs. 250 Cr with an option to retain oversubscription upto Rs 1,000 Cr

Options / Series of Bonds	Series 1	Series 2	Series 3
Tenor	10 years	15 years	20 years
Frequency of Interest payment	Annual	Annual	Annual
For Investor Category I, II, III	Series 1A	Series 2A	Series 3A
Coupon Rate / Annualised Yield % pa	8.25	8.68	8.65
For Investor Category IV (Retail)	Series 1B	Series 2B	Series 3B
Coupon Rate / Annualised Yield % pa	8.50	8.93	8.90
For all Investor Categories	Common Terms and Conditions
Face Value / Issue Price per Bond	Rs 5,000
Minimum Application	Rs 5,000 (in multiples of 1 Bond thereafter)
Issuance	Demat and Physical form
Interest on application % p.a.	As per coupon rate applicable to investor category
Interest on refund  % p.a.	5%
Proposed to be listed on	NSE

Basis of Allotment :  On first come first serve basis

Investor Category	I – QIBs	II – Corporate	III – HNI (> 10 Lac)	IV – Retail (<= 10 Lac)
Issue allocation	10%	25%	25%	40%

    When Bonds held by the original allottees of Category IV are sold / transferred to Investors falling in Category I, II & III; coupon rate will be revised to the coupon rate for Category I, II & III investors.

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