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Saturday, December 21, 2013

NHB tax-free bonds issue to open on Dec 30

National Housing Bank’s tax free bonds issue will open on December 30, R.V. Verma, Chairman & Managing Director, has said.

The issue size including greenshoe option will be Rs 2,100 crore, Verma told Business Line adding that the formal prospectus is likely to be filed with SEBI on Monday.

The coupon rates that will be offered for these tax-free bonds will be decided soon, Verma added.

NHB has already mobilised Rs 900 crore through private placement of tax free bonds this fiscal.

The proposed issue will be the first public issue of tax-free bonds by NHB this fiscal.

The Central Board of Direct Taxes had allowed NHB to mobilise Rs 3,000 crore through tax-free bonds during the current fiscal.

Source: thehindubusinessline


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