NHB Tax Free Bond – Issue Mar 2013
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.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight –
Issuer National Housing Bank Type of Instrument Secured, Redeemable, NCD Issue Open 11, Mar, 2013 Issue Close 15 Mar 2013 Issue Size Face Value Rs. 10,000 Min. Application Size 1 Bonds (Rs.10000) & multiply of 1 Bond thereafter Interest Through various mode available Mode of Allotment D'mat & Physical Form Rating " AAA " CARE , "AAA" CRISIL Listing NSE
Issue Structure –
Options Series 1 Tenor 10 years Coupon Rate % Category - I, II, III 6.82% 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.
Retail Investor : ” National Housing Bank Tax Free Bonds 2012-13 Escrow Account “
Bankers : SBI, ICICI , Kotak Mahindra , Axis, Yes Bank, Indusind Bank, IDBI Bank [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
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.
[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Registrar of Issue :
Karvy Computershare Pvt. Ltd
Listing Details :
Allotment Listing Detail PDF Notice
Tax Free Bond National Housing Bank Issue Open 11 Mar 2013 Issue Close 15 Mar 2013 Issue Registrar Karvy Computershare Listing Exchange NSE NSE Script Code NHBTF2023 (10 yrs) BSE Script Code BSE Script ID Coupon Rate 6.82% Allotment Date Mar 26, 2013 Listing Date Apr 2, 2013 ISIN No INE557F07041 (10 Yr Bond) Maturity Date 26 Mar 2023 (10 yrs) Interest Payment Date 26 Mar every year Face Value 10000
NSDL & CDSL
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