NHAI to raise Rs10,000 crore through tax-free bonds
23 Dec 2011
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The National Highways Authority of India (NHAI) plans to raise up to Rs10,000 crore through a public issue of tax free secured redeemable non-convertible bonds.
The issue is scheduled to open on 28 December and is expected to remain open for 14 days (minimum 3 days).
The issue size will be Rs5,000 crore with a green shoe option to retain an additional Rs5,000 crore.
The coupon rates will be 8.2 per cent for 10 years and 8.3 per cent for 15 years.
Thirty per cent of the issue has been reserved for retail investors.
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