National Thermal Power Corporation (NTPC), the largest power generation company of the India
is issuing its tax-free bonds which would fetch returns up to 7.62% per annum. There
are three types of bonds on offer—10-year maturity with coupon of 7.36%,
15-year maturity with 7.53% interest and 20-year maturity with 7.62% interest. The
issue will start on 23rd September and would remain open for 7 days
till 30th September. Tax-free bonds offer a long-term investment
option along with regular tax-free annual income.
Features of NTPC Tax
Free Bonds
- Issue starts from September 23rd and would end on 30th, 2015 but can be pre-closed on full subscription.
- NTPC Tax-Free Bonds are rated AAA by CRISIL, ICRA and CARE.
- Annual Coupon Rates for Retail Investors are 7.36% for 10 Years, 7.53% for 15 Years and 7.62% for 20 Years.