National Housing Bank Tax Free Bond - Dec 2013 (Apply)

This PSU is coming out with a tax free bonds offer of Rs. 1000 crore with a shelf limit of Rs. 2100 crore (including green shoe option of Rs. 1100 crore). The Secured Redeemable Non-Convertible Bonds are having a face value of Rs. 5000 each and minimum application is to be made for 1 bond and in multiples of 1 bond thereafter. Although the bonds will be available in demat and physical mode, the trading will take place in demat mode only. The coupon rate is between 8.26% to 9.01% depending on the category and the term of 10, 15 or 20 years.

These Bonds are rates AAA by CARE and AAA/Stable by CRISIL and ICRA indicating highest degree of safety regarding timely servicing of financial obligations. The issue opens on December 30, 2013 and will close on or before January 31, 2014. This issue is lead managed by Edelweiss Financial Services Ltd., Axis Capital Ltd, and RR Investors Capital Services Pvt Ltd., IL&FS Trust Co Ltd is the Trustee to this offer and Karvy Computershare Pct Ltd is the registrar. Post allotment, debentures will be listed on NSE.

Conclusion / Investment Strategy

Maximum Investment

Reviewer recommends Subscribing to the issue.

Review By Dilip Davda on December 12, 2019

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).

About Dilip Davda

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

The National Housing Bank NCD Dec 2013 Analysis helps you to understand about the company, offer detail, valuation, capital structure and financial performance. Our SEBI registered NCD Analysts tells you if National Housing Bank NCD Dec 2013 worth investing. The National Housing Bank NCD Dec 2013 Note sets the NCD expectations in systematic way which tells you if National Housing Bank NCD Dec 2013 good to buy (good or bad / yes or no). The NCD Forecast tells you weather to invest in National Housing Bank NCD Dec 2013 by providing NCD recommendations i.e. subscribe, avoid and neutral.

National Housing Bank Tax Free Bond - Dec 2013 (Apply)

Conclusion / Investment Strategy

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