National Highways Authority of India (NHAI) NCD (National Highways Authority of India NHAI NCD) Detail

Jan 15, 2014 - Feb 5, 2014

The National Highways Authority of India (NHAI) is an autonomous agency of the Government of India, responsible for management of a network of over 70,000 km of National Highways in India. It is a nodal agency of the Ministry of Road Transport and Highways. Its functions include survey, development, maintenance and management of the NH and inter alia to construct offices or workshops, to establish and maintain hotels, restaurants and rest rooms at or near the highways entrusted to it, to regulate and control plying of vehicles, to develop and provide consultancy and construction services and to collect fees for services and benefits.

About the Issue

NATIONAL HIGHWAYS AUTHORITY OF INDIA (NHAI) is coming out with a tax free bonds issue on 15.01.14. The bonds having face value of Rs. 1000 are to be applied for a minimum subscription of 5 bonds and in multiples of 1 bond thereof, thereafter. The core issue is for Rs. 1000 crore with a green shoe option to retain oversubscription of Rs. 2698.40 crore thus taking the total size of the issue to Rs. 3698.40 crore.

These bonds carries coupon rate of 8.25% to 8.75% and having tenure of 10 years and 15 years. For retail investors (category IV) it offers 8.52% for 10 years and 8.75% for 15 years. These bonds are rated CRISIL/AAA Stable, CARE/AAA and BWR/AAA Stable, indicating highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

National Highways Authority of India NHAI NCD Detail

Issue OpenJan 15, 2014 - Feb 5, 2014
Security NameNational Highways Authority of India (NHAI)
Security Type
Issue Size (Base)Rs 1,000.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot5 NCD
Listing AtBSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

Objects of the Issue:

The object of the issue are to part financing of the various projects being implemented by NHAI under the NHDP and other National Highway projects as approved by the GoI.

Useful Links

  • NHAI NCD - Review by Dilip Davda
  • National Highways Authority of India NHAI NCD Prospectus

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    Company Contact Information

    National Highways Authority of India (NHAI)
    G - 5 & 6, Sector 10,
    Dwarka,
    New Delhi - 110075

    Phone: +91 11 25074100/4200
    Email: taxfreebonds@nhai.org
    Website: http://www.nhai.org

    National Highways Authority of India NHAI NCD Registrar

    KFintech Private Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: einward.ris@karvy.com
    Website: https://karisma.kfintech.com/

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    1 Comments

    SONMAYA
    1. SONMAYA  Jan 16, 2014 21:54
    NHAI TAX FREE BONDS SUB. BY .90% ON SECOND DAY.. MAY CLOSE BY NEXT WEEK....








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