NHAI – National Highway Authority Of India – is responsible for development,management and maintenance of national highways will issue secured, tax free bonds in Dec 2015.Issue will open on Dec 17, 2015 while maximum coupon rate offered is 7.60% for period of 15 yrs. Details of NHAI Tax Free bonds Dec 2015 are as follows:…
7.53% IRFC Tax Free Bonds Dec 2015:
Indian Railway Finance Corporation – IRFC – financing arm of Indian railways – which was formed with an objective to finance development needs of Indian railways. IRFC will issue Secured, tax free bonds through one or more tranches in FY 2015-2016. IRFC will issue tax free bonds worth Rs.1000 crore through Tranche-1 with option to…
7.43% REC Tax Free Bonds Oct 2015:
REC India – Rural Electrification Corporation -A Navratna status Govt Of India undertaking PSU have come up with an issue of Secured,redeemable Tax Free bonds.REC can raise Rs. 1000 crore through tax free bond issues in this financial year. REC was started in 1969 with an objective to finance and promote Rural electrification projects. Imp…