Instrument Description (Long): |
7.04% SECURED REDEEMABLE NON CONVERTIBLE TAX FREE BONDS. SERIES I A. LETTER OF ALLOTMENT. DATE OF MATURITY 23/03/2026 |
Instrument Description(short): |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR-IA 7.04 BD 23MR26 FVRS1000 LOA UPTO 22MR16 |
ISIN: |
INE261F07040 |
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Type of Instrument: |
Bonds |
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Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
|
Coupon Basis: |
Fixed Interest |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
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Coupon Rate: |
7.04% |
|
|
|
Details of Variable Coupon Rate: |
N.A. |
Seniority in Repayment: |
Senior |
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Day Count Convention: |
Actual/actual |
Whether tax free: |
Yes |
|
Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961: |
Under Section 10(15)(iv)(h) |
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Issue price (per instrument): |
1000 |
|
|
Issue Size (in Crores): |
149.947 |
Series (if any): |
SERIES IA |
|
Total Allotment Quantity: |
1367625 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
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Date of Allotment: |
23-Mar-2016 |
|
|
Tenure of the instrument at the time of Issuance: |
Year
:
10
Months
:
0
Days
:
0
|
|
|
Frequency of Interest Payment with specified dates: |
ANNUAL 23-MAR-17, 23-MAR-18, 25-MAR-19, 23-MAR-20, 23-MAR-21, 23-MAR-22, 23-MAR-23, 25-MAR-24, 24-MAR-25 AND 23-MAR-26 |
Scheduled Opening Date: |
09-Mar-2016 |
|
Put Option with specified dates: |
|
Scheduled Closing Date: |
14-Mar-2016 |
|
Call Option with specified dates: |
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Actual Closing Date: |
14-Mar-2016 |
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Redemption Date/Last Conversion Date: |
23-Mar-2026 |
|
|
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Defaulted in Redemption: |
Not Applicable |
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|
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If guaranteed, provide complete details regarding the Guarantee: |
N.A. |
|
Redemption Premium Details: |
N.A. |
Step up / Step down coupon basis: |
|
|
Step up / Step down details: |
N.A. |
Indicate whether Put option will be exercised at Discount/Premium/Par: |
|
|
Put option details: |
N.A. |
Indicate whether Call option will be exercised at Discount/Premium/Par: |
|
|
Call option details: |
N.A. |
Whether Debentures/Bonds are perpetual in nature: |
No |
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Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
|
Convertibility details: |
N.A. |
Type of Convertibility - B: |
|
|
Coupon Type: |
Simple |
Compounding Frequency Details: |
N.A. |
|
If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
PARI PASSU CHARGE OF MORTGAGE OVER PROPERTY OF NABARD 'NABARD HOUSE' WITH MINIMUM SECURITY COVER OF ONE TIME THE FACE VALUE OF BONDS OUTSTANDING AT ALL TIMES |