The National Highways Authority of India will start the sale of tax-free bonds on Thursday, December 17 with a plan to raise Rs 10,000 crore. The issue closes on December 31.
Edelweiss Head of Fixed Income Ajay Manglunia said are tax-efficent, and the coupon can go up to 11 percent on a pre-tax basis, in the case of NTPC.
ICICIdirect.com has come out with its report on Indian Railway Finance Corporation (IRFCL) tax free bond issue. According to the research firm, the company's performance has been rated excellent for 11 years in a row by the Department of Public Enterprises.
Indian Railway Finance Corporation (IRFC), the fund mobilising arm of the Railways, has raised close to Rs 5,350 crore through its tax-free bond issue, which closed on Friday. The issue size was Rs 1,000 crore, with a green-shoe option to retain up to Rs 8.886 crore.
State-run lending agency Power Finance Corp (PFC) said its tax-free bond issue, through which it plans to raise up to Rs 4,590 crore, will open for subscription on December 14.
Director finance of Rural Electrification Corpration, HD Khunteta tells CNBC-TV18 that as per current estimates, the interest rate for their tax free bond issue will be around 7.95-8.10%
Arihant Capital Markets has come out with its report on tax free bond issue of National Highways Authority of India (NHAI). The research firm has recommended subscribing the issue.
Country's biggest container port JNPT today said it will raise Rs 1,500 crore through a tax free bond issue this fiscal for undertaking dredging works.