Skip to main content

NABARD Tax Free Bonds 2016

Invest in NABARD Tax Free Bonds Online
 
Draft Product Note for Public Issue of Tax Free Bonds by NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD)
 

Issuer

National Bank for Agriculture and Rural Development (NABARD).

Type of Instrument

Public Issue of tax-free, secured, redeemable, non-convertible Bonds of face value of Rs. 1,000.00 each in the nature of Debentures having tax benefits under section 10(15)(iv)(h) of the Income Tax Act.

Nature of Instrument

Tax-free, secured, redeemable, non-convertible bonds in the nature of debentures.

Mode of Issue

Public Issue.

Nature of Indebtedness

The claims of the Bondholders shall be superior to the claims of any unsecured creditors of NABARD, existing or in the future, and subject to applicable statutory and/or regulatory requirements. Further, the claims of the Bondholders shall rank pari passu inter se to the claims of other secured creditors of NABARD having the same security.

Listing

The Bonds are proposed to be listed on BSE within 12 Working Days from the Issue Closing Date.

Put/Call

Not Applicable

Rating of the Instrument

"CRISIL AAA / Stable" by CRISIL and "Ind AAA" / Stable by India Ratings.

Issue Size

Rs.3,500 crore.

Default Interest Rate

As specified in the Bond Trust Deed to be executed between NABARD and the Trustee for the Bondholders.

Issue Price/Face Value

Rs.1,000 for each bond.

Issue Opening Date

As mentioned in the Prospectus.

Issue Closing Date

As mentioned in the Prospectus.

The Issue shall remain open for subscription from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) during the period indicated above, with an option for early closure or extension as may be decided by the Board or a duly constituted committee or authorized person thereof. In the event of such early closure or extension of the subscription period of the Issue, the Issuer shall ensure that public notice of such early closure or extension is published on or before the date of such early date of closure or the Issue Closing Date, as the case may be, through advertisement(s) in at least one leading national daily newspaper with wide circulation.

Deemed Date of Allotment

Deemed Date of Allotment shall be the date on which the Board or a duly constituted committee or authorized person thereof approves the Allotment of the Bonds for the Issue or such date as may be determined by the Board or a duly constituted committee or authorized person thereof and notified to the Stock Exchange. All benefits relating to the Bonds including interest on Bonds shall be available to the Bondholders from the Deemed Date of Allotment. The actual allotment of Bonds may take place on a date other than the Deemed Date of Allotment.

Trading mode

Compulsorily in dematerialized form**

Issuance mode

Dematerialised form or physical form as specified by an Applicant in the Application Form.

Depositories

NSDL and CDSL.

Lead Managers to the Issue

A. K. CAPITAL SERVICES LIMITED,  EDELWEISS FINANCIAL SERVICES LIMITED,  ICICI SECURITIES LIMITED,  RR INVESTORS CAPITAL SERVICES PVT. LTD., SBI CAPITAL MARKETS LIMITED.

Bond Trustee

Axis Trustee Services Limited.

**NABARD will make public issue of the Bonds in the dematerialised form as well as physical form. However, in terms of Section 8 (1) of the Depositories Act, NABARD, at the request of the Investors who wish to hold the Bonds in physical form will fulfill such request. However, trading in Bonds shall be compulsorily in dematerialised form.
 

Source: Draft Prospectus dated  February 23, 2016

Disclaimer: "Invest only after referring to the Prospectus"

 

 

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

Popular posts from this blog

Birla SunLife Manufacturing Equity Fund

The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country.   Why India as the next manufacturing destination?   The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...
Read more

Total Returns Index brings out real Equity Funds Performers

From February, equity mutual funds have to change their benchmarks to account for dividend payments. Until now, funds used price-based benchmarks alone. TRI or total return indices assume that dividend payouts are reinvested back into the index. What this does is lift the overall index returns, because dividends get compounded. For example, the Sensex TRI index will consider dividend payouts of its constituent companies while the Nifty50 TRI index will consider dividends of its constituents. Using TRI indices as benchmarks comes on the argument that an equity funds earn dividends on the stocks in its portfolio, which they use to buy more stocks. Therefore, using an index that also considers dividend reinvestment would be a more appropriate benchmark. Shrinking outperformance With a stiffer benchmark, it is obvious that the margin by which an equity fund outperforms the benchmark would shrink. Rolling one-year returns from 2013 onwards, the average margin by which largecap funds out...
Read more

Stock Review: Havells

HAVELLS India's stock performance has been muted in the past three months, in line with the weak broader market. But, given the turnaround in its overseas subsidiary and the launch of new products in its consumer durable business, the company's stock may undergo a re-rating.    Havells is India's leading consumer electrical goods company, with consolidated sales of . 5,527 crore in the past four quarters. Its wholly-owned subsidiary Sylvania, which makes lighting and fixtures, has established brands in European, Latin American and Asian markets. Sylvania repre sented nearly half of the company's consolidated revenues in the first half of FY11.    Sylvania's poor financials hit Havells' consolidated performance in FY10. But, this has changed in the cur rent fiscal. Havells has reduced fixed costs of Sylvania by exiting from unprofitable businesses and outsourcing manufacturing to low-cost locations such as India and China. In the September 2010 quarter, Sylv...
Read more

Kisan Vikas Patra - KVP

  Kisan Vikas Patra (KVP) First launched in 1988, the Kisan Vikas Patra (KVP) is one of the premier and popular saving scheme offering from the Indian Postal Department. This product has had a very chequered history- initially successful, deemed a product that could be misused and thus terminated in 2011, followed by a triumphant return to prominence and popular consumption in 2014. The salient features of KVP are as follows- The grand USP- Money invested by the applicant doubles in 100 months (8 years, 4 months). KVPs are available in the following denominations- Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000. The minimum purchase value for the KVP is Rs.1000. There is no maximum limit. KVPs are available at all departmental post offices across India. These certificates can be prematurely encashed after 2 ½ years from the point of issue. KVPs can be transferred from one individual to another and from one post office to another. ----------------------------------------------------- Inve...
Read more

How to generate a UAN Online

Best SIP Funds Online   In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer.  However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now