Tuesday, May 12, 2009

NHAI Bonds reopen for subscription for the year 2009-10

 
 

 

Details of  NHAI Bonds 54EC 

 

Credit Rating

" AAA/Stable" by CRISIL ," AAA/ind" by Fitch Ratings and "AAA" by CARE

Face Value

Rs. 10000/- per Bond

Issue price

Rs. 10000/- per Bond

Minimum application size

Five Bonds of Rs. 10,000/- each and in multiple of one Bond thereafter.

Maximum application size

Five Hundred Bonds of Rs. 10,000/- each (Rs. 50,00,000 ) subject to fulfillment of other conditions as specified in Income Tax Act.

Mode of Subscription

100% on application

Deemed Date of Allotment

Last day of each month for application money cleared and credited in 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

3 years from Deemed Date of Allotment

Interest payment

Annual

Coupon rate

6.25%

Redemption

Bullet, at the time of Maturity

Trustee

Syndicate Bank, 6, Bhagwan Dass Road, New Delhi-01

Availability of the prospectus and application form

Across the country with NHAI offices, leading SEBI Registered Category-I Merchant Bankers & Banks

Bankers

All the Branches of  IDBI Bank and Selected branches of Syndicate Bank, HDFC Bank & Punjab National Bank.  For details of bank branches please refer Information Memorandum (IM).

Ceiling

Rs.4000 Crore

Date of Allotment

At the last day of every month

Date of Start

11.05.2009

Date of Closure

31.03.2010

Applicable Laws

Income Tax Act 1961 and NHAI Act

Registrar

M/s Beetal Finacial & Computer Services (P) Ltd, "Beetal House",3rd Floor, 99, Madangir,Behind Local Shopping Centre, New Delhi-110062 , ph. 011-29961281-83, Fax - 011-29961284,Email- beetal@beetalfinancial.com

TDS

No TDS

 

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