Issue Highlights :
- Tax Free Bonds in the nature of secured, redeemable, non convertible debentures
- Rated “AAA” by CRISIL & ICRA respectively
- Interest Income on the Bonds is tax-free in nature
- Option of Issuing either in Demat form or physical form
- Who can Apply- Resident Individuals, HUFs, QIBs, Corporates, NRIs (both NRE & NRO)
- To be listed on BSE
Here are some of the other terms of this issue.
| Options |
Tranche 1 Series I
|
Tranche 1 Series II
|
| Face Value |
Rs. 1,000
|
Rs. 1,000
|
| Term |
10 years
|
15 years
|
| Interest payment |
Annual
|
Annual
|
| Coupon Rate |
8.20%
|
8.30%
|
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