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NHPC files prospectus with RoC for tax-free bonds issue

The issue is proposed with issue opening on October 18, 2013

October 10, 2013 2:29 IST | India Infoline News Service
NHPC Ltd today approved the Prospectus relating to the public issue of tax free bonds of Rs. 1000 crore, to be filed with Registrar of Companies.

The public issue of tax free bonds is being made under the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, as amended and pursuant to Notification dated August 08, 2013 issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India.

The issue is proposed with issue opening on October 18 2013. Issue will have tenor & rates as per notification dated August 08, 2013 referred above. The tax free bonds have been rated "[ICRA] AAA, IND "AAA" and CARE "AAA" by ICRA Limited, India Rating Research Private Limited and Credit Analysis & Research Limited, respectively.

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