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  #2  
15th March 2016, 10:21 AM
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Re: Tax Free Bonds NTPC

Sir I want to know that what were the basis of Allotment for the Tax Free Bonds NTPC among all categories of investors:
  #3  
15th March 2016, 10:23 AM
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Join Date: May 2012
Re: Tax Free Bonds NTPC

The NTPC Tax-Free Bonds have been allotted last year in September 2015

The Retail investors who put in an application of Rs 10 lakhs, the maximum that any retail investor can invest in, got an allotment worth only Rs 1.57 lakhs.


The NTPC issue had three tenures - 10 years, 15 years and 20 years.

For retail investors the coupon or interest rate was 7.36 per cent for 10-year tenure, 7.53 per cent for 15 years and 7.62 per cent for 20 years.


Allotment basis of the NTPC Tax Free Bonds





Tenor and Yields of NTPC Tax Free bonds

Maturity Period (Years) 10 15 20

Interest Payment Annually Annually Annually

Annual Coupon Rates for Retail Investors 7.36% 7.53% 7.62%

Annual Coupon Rates for non-retail investors 7.11% 7.28% 7.37%

Effective Yield (%) - - -

10% Tax Bracket 8.21% 8.39% 8.49%

20% Tax Bracket 9.27% 9.58% 9.60%

30% Tax Bracket 10.65% 10.90% 11.03%


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