JNPT Tax Free Bond Tranche II – Issue details::
The Jawaharlal Nehru Port Trust (JNPT) is raising up to Rs 500 crorethrough public issue of tax-free bonds in the nature of secured redeemable non-convertible debentures. The issue would open on March 11 and close on March 15.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight –
| Issuer | JNPT Tax Free Bond - |
|---|---|
| Type of Instrument | Secured, Redeemable, NCD |
| Issue Open | 11, Mar, 2013 |
| Issue Close | 15 Mar 2013 |
| Issue Size | |
| Face Value | Rs. 1,000 |
| Min. Application Size | 5 Bonds (Rs.5000) & multiply of 1 Bond thereafter |
| Interest | Annual |
| Mode of Allotment | D'mat & Physical Form |
| Rating | AAA by CRISIL, AAA by BWR |
| Listing | BSE / NSE |
Issue Structure –
| Options | Series 1 |
|---|---|
| Tenor | 10 years |
| Coupon Rate % | |
| Category - I, II, III | 6.82% |
| Category - IV (Retail) | 7.32%* |
*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.
Cheque Details-
Retail Investor :
Bankers : [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About the Issuer
Benefit to Investor
- The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.
- No TDS
- Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.
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[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Registrar of Issue :
Link Intime Pvt Ltd
Allotment Details
| Tax Free Bond | Jawaharlal Nehru Port Trust |
|---|---|
| Issue Open | 11 Mar 2013 |
| Issue Close | 15 Mar 2013 |
| Issue Registrar | Bigshare Service Pvt Ltd |
| Listing Exchange | NSE |
| NSE Script Code | JNPT.N1 |
| BSE Script Code | |
| BSE Script ID | |
| Coupon Rate | 6.82% (Additional .50% interest extra for Retail Investor) |
| Allotment Date | Mar 25, 2013 |
| Listing Date | Apr 3, 2013 |
| ISIN No | INE281G07053 (10 Yr Bond) |
| Maturity Date | 25 Mar 2023 (10 yrs) |
| Interest Payment Date | 25 Mar 2014 (every year 25 mar) |
| Face Value | 1000 |
Trustee for Bondholders :
Depositories :
NSDL & CDSL
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Are you interested to know brokerage structure in your Inbox mail : rajendra@puneinvest.com
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