NHAI 54 EC Capital Gains Bonds issue : 2016-17

Credit Rating “CRISIL AAA/Stable” by CRISIL Ltd
Face Value Rs. 10000/- per Bond
Issue price Rs. 10000/- per Bond
Minimum application size One Bond of Rs. 10,000/- 
Maximum application size 500 Bonds of Rs.10,000/- each (Rs.50,00,000) subject to fulfillment of other conditions as specified in Income Tax Act 1961.
As per the provision of sub-section (1) of section 54EC by the Finance (No. 2) Act, 2014, (w.e.f. 1-4-2015) “ provided further that the investment made by an assessee in the long-term specified asset, from capital gains arising from transfer of one or more original assets, during the financial year in which the original asset or assets are transferred and in the subsequent financial year does not exceed fifty lakh rupees”
Size of the Issue Rs.5,000 Crore
Mode of Subscription 100% on application
Deemed Date of Allotment Last day of the month during which the application amount has been cleared and credited to NHAI’s collection account
Transferability The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance
Maturity At par, 3 years from Deemed Date of Allotment
Interest payment Annually On 1st April and Final Interest at the time of Maturity
Coupon rate 6% per annum
Redemption Bullet, at the time of Maturity i.e. 3 years 
Trustee M/s SBICap Trustee Company Ltd
Apeejay House, 6th Floor
3, Dinshaw Wachha Road, Churchgate, Mumbai-400020
Registrar M/s Beetal Financial & Computer Services Pvt Ltd
99, Beetal House, Near Harsukh Das Mandir
Behind Local Shopping Centre
Madangir, New Delhi-110062
Tel :011 29961281-83
E.Mail :nhaibonds@gmail.com

beetalrta@gmail.com 


Closure of Issue
The issue is open on-Tap Basis and will close on March 31, 2017 at the close of the banking hours or on achieving of ceiling limit of Rs.5,000 Crore without any further notice or at a date as may be decided by NHAI at its absolute discretion.

Hudco Tax Free Bond

 

Issuer Hudco Tax Free Bond
Issue Size Rs. 500 crores with an option to retain oversubscription upto Rs. 1,211.50 crores aggregating to total of upto Rs. 1711.50 crores.
Lead Manager Edelweiss Financial Services LimitedAxis, ICICI, SBI and RR
Issue opens January 27, 2016
Issue closes February 10,2016
Allotment First Come First Serve Basis
Face Value Rs. 1000
Issue Price Rs. 1000
Mode of Issuance In physical and dematerialised form.
Nature of Instrument Tax-free secured redeemable and non-convertible
Minimum Application 5 Bonds (Rs. 5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond (Rs. 1,000) thereafter
Listing BSE
Rating CARE AAA’ from CARE and ‘IND AAA’ from IRRPL

SPECIFIC TERMS FOR EACH SERIES OF BONDS

 

Options

Option 1

Option 2

Tenure of Bonds

10 years

15 years

Maturity/Redemption Date

10 years from Deemed Date

of Allotment

15 years from Deemed Date

of Allotment

Coupon Rates for Category I, II and III

Series of Bonds*

Tranche I Series 1A

Tranche I Series 2A

Coupon Rate (%) p.a.

7.02%

7.39%

Annualized Yield (%) p.a.

7.02%

7.39%

Coupon Rates for Category IV

Series of Bonds

Tranche I Series 1B

Tranche I Series 2B

Coupon Rate (%) per annum

7.27%

7.64%

Annualized Yield (%) p.a.

7.27%

7.64%

 

Indian Renewable Energy Development Agency Limited

Particulars Terms and Conditions
Issuer Indian Renewable Energy Development Agency Limited
Type of instrument Tax free secured redeemable non-convertible bonds of face value of Rs. 1,000 each, in the nature of debentures, having benefits under section 10(15)(iv)(h) of the Income Tax Act.
Nature of instrument Secured, redeemable and non-convertible Bonds
Seniority The claims of the Bondholders shall be superior to the claims of any unsecured creditors of the Company and subject to applicable statutory and/or regulatory requirements, rank pari passu inter se to the claims of other secured creditors of our Company having the same security.
Mode of issue Public issue
Listing The Bonds shall be listed on the BSE within 12 Working Days from the Issue closure date.
Designated Stock Exchange BSE Limited
Credit Rating “[ICRA]AA+” [pronounced as ICRA Double A Plus] (Outlook: Stable) by ICRA and “ IND AA+” by IRRPL.
Issue size Rs. 1,000 crore
Option to retain over subscription Upto the Shelf Limit (i.e. Rs. 1716.00  crore)
Interest on Application Amounts @ the rate of 7.28% p.a., 7.49% p.a. and 7.43% p.a. on Tranche -I Series 1A, Tranche -I Series 2A and Tranche -I Series 3A respectively for Allottees under Category I, Category II and Category III Portion, and at the rate of 7.53% p.a., 7.74% p.a. and 7.68% p.a. on Tranche -I Series 1B, Tranche -I Series 2B and Tranche -I Series 3B respectively for Allottees under Category IV Portion.
Tenor 10 years, 15 years and 20 years from the Deemed Date of Allotment
Issue Price (in Rs.) 1,000 per Bond
Face Value (in Rs.) 1,000 per Bond
Interest on application money refunded @ the rate of 5%
Issue opening date January 8, 2016.
Issue closing date January 22, 2016

The Issue shall remain open for subscription from 10:00 a.m. till 5:00 pm (Indian Standard Time) for the period mentioned above, with an option for early closure or extension by such period as may be decided by the Board of Directors or a duly constituted committee thereof. In the event of such early closure or extension of the subscription list of the Issue, the Company shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in atleast one leading national daily newspaper with wide circulation.

Deemed Date of Allotment The date on which, the Board of Directors or Bond Committee approves the Allotment of Bonds for the Issue or such date as may be determined by the Board of Directors or Bond Committee and notified to the Designated Stock Exchange. All benefits relating to the Bonds including interest on Bonds (as specified for the Issue by Prospectus Tranche-I) shall be available from the Deemed Date of Allotment. The actual allotment of Bonds may take place on a date other than the Deemed Date of Allotment.
Issuance mode In dematerialised form or in physical form as specified by the Applicant in the Application Form#
Trading mode In dematerialised form only
Settlement mode Through various available modes as detailed in the section titled “Issue Procedure – Payment Instructions” on page 79 of this Prospectus Tranche- I
Depository NSDL and CDSL
Lead Mangers Karvy, IDBI, AK Capital, Edelweiss and RR Investors
Registrar  Karvy Computershare Private Limited
Debenture Trustee IL&FS Trust Company Limited

NHAI Public issue of tax free bonds

Highlights:

(1) Interest from these Bonds do not form part of total income as per  provisions of Section 10 (15) (iv) (h) of Income Tax Act, 1961 read along with Section 14A (1) of the Income Tax Act, 1961.

(2) Issue open date: 17/12/2015 |  Close date: 31/12/2015

(3)  Duration available: 10 Years  & Fifteen Years

(4) Interest rates: 7.14% – 7.60%

(5) Lot size: 5 bonds (of Rs.1,000 face value each).

Salient features:

SALIENT FEATURES OF THE PROPOSED TAX FREE BONDS

• Tax benefits u/s 10 (15) (iv) (h) of the Income Tax Act, 1961

• Interest from these Bonds do not form part of Total Income

• Credit Rating of “CRISIL AAA/Stable” by CRISIL,“CARE AAA” by CARE, “IND AAA” by IRRPL and “[ICRA] AAA” by ICRA

• Bonds can be held in dematerialized form or in physical form as specified by an Applicant in the Application Form., but the trading of the Bonds shall be in dematerialized form only

• The Bonds are proposed to be listed on the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”).