NTPC TAX FREE BONDS @8.91% DEC-2013 TO OPEN ON 03-12-2013:

NTPC Ltd – A Maharatna status , Govt Of India enterprise company engaged in power generation,distribution and transmission have come up with an issue of Tax free bonds in Dec 2013.

This issue intends to raise Rs.1750 crore.

Imp Date:

1. Issue Open Date:Dec 03, 2013
2. Issue Close Date: Dec 16, 2013.

Interest Rates and Options for Category IV investors – Retail Individual investors investing Rs.10 lakh or less :

Series	1B	2B	3B
Tenure	10 Years	15 Years	20 Years
Coupon Rates	8.66%	8.73%	8.91%
Min Investment	Rs.5000

Imp notes:

1. Face Value : Rs.1000 per bond.
2. Interest shall be paid annually and income tax will not applicable on the interest received.
3. Credit Rating : AAA by CRISIL and ICRA.
4. Other category of investors to get 0.25% lower rate than above mentioned rates of retail individual investors.
5. NRIs can apply for subscription.

Overall a good issue to invest.