Credit Rating |
“Highest credit rating i.e. “ICRA AAA/Stable, CARE AAA/Stable, CRISIL AAA/Stable & IND AAA |
Face Value |
Rs. 10000/- per Bond |
Issue price |
Rs. 10000/- per Bond |
Minimum application size |
One Bond of Rs. 10,000/- |
Maximum application size |
500 Bonds of Rs.10,000/- each (Rs.50,00,000) subject to fulfillment of other conditions as specified in Income Tax Act 1961. As per the provision of sub-section (1) of section 54EC by the Finance (No. 2) Act, 2014, (w.e.f. 1-4-2015) “ provided further that the investment made by an assessee in the long-term specified asset, from capital gains arising from transfer of one or more original assets, during the financial year in which the original asset or assets are transferred and in the subsequent financial year does not exceed fifty lakh rupees”. As a result of the amendment the tenure of the Bonds have been increased to 5 years in place of three years and long term capital gains arising land or building or both shall only qualify to be invested in these bonds after April 1, 2018. |
Size of the Issue |
Rs.6,000 Crore |
Mode of Subscription |
100% on application |
Deemed Date of Allotment |
Last day of the month during which the application amount has been cleared and credited to NHAI’s collection account |
Transferability |
The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance |
Maturity |
At par, 5 years from Deemed Date of Allotment |
Interest payment |
Annually On 1st April and Final Interest at the time of Maturity |
Coupon rate |
5.75% payable annually. |
Redemption |
Bullet, at the time of Maturity i.e. 5 years |
Trustee |
Vistra ITCL (India) Limited (formerly IL&FS Trust Company Limited) The IL&FS Financial Centre, Plot C- 22, G Block, 7th Floor Bandra Kurla Complex, Bandra (East), Mumbai 400051 |
Registrar |
M/s Beetal Financial & Computer Services Pvt Ltd
99, Beetal House, Near Harsukh Das Mandir
Behind Local Shopping Centre
Madangir, New Delhi-110062
Tel :011 29961281-83
E.Mail :nhaibonds@gmail.com, beetalrta@gmail.com |
Closure of Issue |
The issue is open on-Tap Basis and will close on March 31, 2019 at the close of the banking hours or on achieving of ceiling limit of Rs.6,000 Crore without any further notice or at a date as may be decided by NHAI at its absolute discretion. |