Invest in NTPC Tax Free Bonds AAA Rated Govt. Company
Wealthcareindia
Dear All,
Please find attached Term Sheet of Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds to be issued by “NTPC Limited”.
Issue is opening on Wednesday, 23rd September 2015 and expected to oversubscribe on 23rd itself.
NTPC Ltd
|
Issuer |
NTPC Limited |
|
Instrument |
Tax Free Secured Redeemable Non-Convertible Bonds |
|
Issuance Schedule * |
The Issue shall be open from 23rd September 2015 |
|
Issue Size |
Rs.400 Crores with an option to retain over-subscription upto Rs.300 Crores aggregating to a total of up to Rs.700 Crores. |
|
Min Application Size |
Rs.5,000/- ( 5 Bonds ) (individually or collectively, across all Series of Bonds |
|
Thereafter in multiples of |
Rs.1000/- ( 1 Bond ) |
|
Credit Rating |
“AAA/Stable” from ICRA and ‘AAA’ from CRISIL and CARE |
|
ISSUE STRUCTURE |
||||||||
|
Category |
I – (‘QIBs’) |
II –(‘Corporates’) |
III – (‘HNIs’) |
IV – (“RIIs”) |
||||
|
Qualified Institutional Buyers |
Corporates |
High Networth Individuals |
Retail Individual Investors |
|||||
|
Category Allocation (%) |
10% of the overall Issue Size of Rs.700 Crs. |
25% of the overall Issue Size of Rs.700 Crs. |
25% of the overall Issue Size of Rs.700 Crs. (Above Rs.10 Lakhs) |
40% of the overall Issue Size of Rs.700
Crs. |
||||
|
Category Allocation (Rs.) |
70 Crs. |
175 Crs |
175 Crs |
280 Crs |
||||
|
Tenor |
10 Years |
15 Years |
20 Years |
|||||
|
Interest Frequency |
Annual |
Annual |
Annual |
|||||
|
Options/Series of Bonds |
Series 1 A |
Series 1 B |
Series 2 A |
Series 2 B |
Series 3 A |
Series 3 B |
||
|
Coupon Rate/Annulised Yield for Category I, II & III Applicants (% p.a.) |
7.11% |
-- |
7.28% |
-- |
7.37% |
-- |
||
|
Coupon Rate/Annulised Yield for Category IV Applicants |
-- |
7.36% |
-- |
7.53% |
-- |
7.62% |
||
|
Note: In pursuance of CBDT Notification and for avoidance of doubts, it is clarified as under: a. The coupon rates indicated under the Prospectus shall be payable only on the Portion of Bonds allotted to RIIs in the Issue. Such coupon is payable only if on the Record Date for payment of interest, the Bonds are held by investors falling under RIIs Category viz Category IV. b. In case the Bonds allotted against the Prospectus are transferred by RIIs to Non-RIIs(as on Record Date) viz, Qualified Institutional Buyers, Domestic Corporates and/or High Networth Individuals, the coupon rate on such Bonds shall stand at par with coupon rate applicable to respective category of investors. c. If the Bonds allotted against the Prospectus are sold/ transferred by the RIIs to investor(s) who fall under the RIIs category as on the Record Date for payment of interest, then the coupon rates on such Bonds shall remain unchanged; d. If on any Record Date, the original RII allottee(s)/ transferee(s) hold the Bonds under the Prospectus for an aggregate face value amount of over Rs. 10 Lakh, then the coupon rate applicable to such RII allottee(s)/transferee(s) on Bonds under the Prospectus shall stand at par with coupon rate applicable to Non-RIIs. e. Bonds allotted under the Prospectus shall carry coupon rates indicated above till the respective maturity of Bonds irrespective of Category of holder(s) of such Bonds; f. For the purpose of classification and verification of status of the RII Category of Bondholders, the aggregate face value of Bonds held by the Bondholders in all the Series of Bonds, allotted under the respective Tranche Issue shall be clubbed and taken together on the basis of PAN of the 1st holder. |
||||||||
For additional information & risk factors please refer to the Prospectus
Given below is the Table showing Pre-Tax Yield:
|
Individuals |
Retail |
Pre- Tax Yield |
|||
|
|
Coupon |
10.30% |
20.60% |
30.90% |
34.50% |
|
10 Years |
7.36% |
8.21% |
9.27% |
10.65% |
11.24% |
|
15 Years |
7.53% |
8.39% |
9.48% |
10.90% |
11.50% |
|
20 years |
7.62% |
8.49% |
9.60% |
11.03% |
11.63% |
|
Individuals |
HNI |
Pre- Tax Yield |
|||
|
|
Coupon |
10.30% |
20.60% |
30.90% |
34.50% |
|
10 Years |
7.11% |
7.93% |
8.95% |
10.29% |
10.85% |
|
15 Years |
7.28% |
8.12% |
9.17% |
10.54% |
11.11% |
|
20 years |
7.37% |
8.22% |
9.28% |
10.67% |
11.25% |
|
Firms / Corporates |
Pre- Tax Yield |
||||
|
|
Coupon |
20.01% |
30.90% |
33.00% |
34.50% |
|
10 Years |
7.11% |
8.89% |
10.29% |
10.61% |
10.85% |
|
15 Years |
7.28% |
9.10% |
10.54% |
10.87% |
11.11% |
|
20 years |
7.37% |
9.21% |
10.67% |
11.00% |
11.25% |
If interested call us on Mukesh 98101 84368/Naveen 9818278644/Prabhakar 9899835232 or give a missed call on 98710 90316
