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NHB  Tax Free Bond  – Issue details

National Housing Bank (NHB) , country’s Housing Finance regulator wholly own by RBI, and provide support to housing finance institutions. National Housing Bank (NHB) is set to launch its public issue of tax free bonds of face value of Rs 10,000 each in the nature of secured, redeemable, NCD on March 11.

Product Note

Issue Highlight – 
IssuerNational Housing Bank
Type of InstrumentSecured, Redeemable, NCD
Issue Open11, Mar, 2013
Issue Close15 Mar 2013
Issue Size
Face ValueRs. 10,000
Min. Application Size1 Bonds (Rs.10000) & multiply of 1 Bond thereafter
Interest Through various mode available
Mode of AllotmentD'mat & Physical Form
Rating" AAA " CARE , "AAA" CRISIL
ListingNSE

Issue Structure –

OptionsSeries 1
Tenor10 years
Coupon Rate %
Category - I, II, III6.82%
Category - IV (Retail)7.32%*

*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.

Cheque Details-

Retail Investor  :   ” National Housing Bank Tax Free Bonds 2012-13  Escrow Account “

Bankers :  SBI, ICICI , Kotak Mahindra , Axis, Yes Bank, Indusind Bank, IDBI Bank  

About Issue

About the Issuer

National Housing Bank (NHB) , country’s Housing Finance regulator wholly own by RBI, and provide support to housing finance institutions.

Benefit to Investor

  •  The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.
  • No TDS
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

 

 

Allotment/Listing

Registrar of Issue :

Karvy Computershare Pvt. Ltd

Allotment link

Listing Details :

Tax Free BondNational Housing Bank
Issue Open11 Mar 2013
Issue Close 15 Mar 2013
Issue RegistrarKarvy Computershare
Listing ExchangeNSE
NSE Script CodeNHBTF2023 (10 yrs)
BSE Script Code
BSE Script ID
Coupon Rate6.82%
Allotment DateMar 26, 2013
Listing DateApr 2, 2013
ISIN NoINE557F07041 (10 Yr Bond)
Maturity Date26 Mar 2023 (10 yrs)
Interest Payment Date26 Mar every year
Face Value10000
Allotment Listing Detail PDF Notice

Depositories :

NSDL & CDSL

 

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