#1
9th May 2015, 09:33 AM
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Tax Free Bonds NTPC
I have invested in the NTPC. I have some share of this company. What percentage of the Tax Free Bonds of the NTPC? And also tell me about the face value of the NTPC Tax Free Bonds? I can hold the share of the company for more then 6 month.
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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:
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#3
15th March 2016, 10:23 AM
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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% |