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National Housing Bank (NHB)
*For category IV - Tranche I series 3B for 20 years
Issue Highlights:
| Issue Opens | Monday, December 30, 2013 | Minimum Application | 1 Bonds (Rs. 5,000) |
| Issue Closes | Friday, January 31 , 2014 | Annualized Yield (Retail - Category IV) |
8.51% p.a Tranche I series 1B for 10 yrs 8.88% p.a Tranche I series 2B for 15 yrs 9.01% p.a Tranche I series 3B for 20 yrs |
| Issue Price | Rs. 5,000/- per Bond | Credit Ratings | "CARE AAA" "CRISIL AAA/Stable" "[ICRA] AAA (Stable)" |
Business Overview:
NHB was established under the Act of Parliament viz, NHB Act in 1988 to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions. NHB is wholly owned by the RBI. NHB endeavors to continue to support a healthy housing finance sector in the country and realize their goal of affordable housing for all. Main functions are classified as: Regulatory and Supervision, Financing, Promotion and Development.
Issue Highlights:
| Issue Opens | MMonday, December 30, 2013 |
| Issue Closes | Friday, January 31, 2014 |
| Issue Price | Rs. 5,000/- per Bond |
| Face Value | Rs. 5,000/- per Bond |
| Minimum Application | 1 Bond (Rs. 5,000) (Individually or collectively, across all series of Bonds) |
| Rating | CARE AAA by CARE, CRISIL AAA/Stable by CRISIL, ICRA AAA (Stable) by ICRA |
| Listing On | NSE |
| Registrar | Karvy Computershare Private Limited |
| Annualized Yield (Retail - Category IV) |
8.51% p.a Tranche I series 1B for 10 yrs 8.88% p.a Tranche I series 2B for 15 yrs 9.01% p.a Tranche I series 3B for 20 yrs |
| Annualized Yield (Non Retail - Category I, II and III) |
8.26% p.a Tranche I series 1A for 10 yrs 8.63% p.a Tranche I series 2A for 15 yrs 8.76% p.a Tranche I series 3A for 20 yrs |
Allotment is on First Come First Serve Basis
Specific terms for each series of Bonds
| Options / Series* | Tranche I Series 1A | Tranche I Series 2A | Tranche I Series 3A |
| Coupon rate p.a. for Category I, II, and III | 8.26% | 8.63% | 8.76% |
| Annualized yield p.a. for Category I, II & III # | 8.26% | 8.63% | 8.76% |
| Options / Series* | Tranche I Series 1B | Tranche I Series 2B | Tranche I Series 3B |
| Coupon Rate p. a. for Category IV | 8.51% | 8.88% | 9.01% |
| Annualized yield p.a. for Category IV # | 8.51% | 8.88% | 9.01% |
| Frequency of Interest Payment | Annual | Annual | Annual |
| Minimum Application | 1 Bond (Rs. 5,000) (Individually or collectively, across all series of Bonds) | ||
| In Multiples of | One Bond (Rs. 5,000/-) | ||
| Face Value | Rs. 5,000/- | ||
| Issue Price | Rs. 5,000/- | ||
| Tenor | 10 Years | 15 Years | 20 Years |
| Redemption Date | 10 years from the Deemed Date of Allotment | 15 years from the Deemed Date of Allotment | 20 years from the Deemed Date of Allotment |
| Redemption Amount (Rs./Bond) | Repayment of the Face Value plus any interest at the applicable Coupon/ Interest Rate that may have accrued at the Redemption Date | ||
* NHB shall allocate and allot Tranche 1 Series 1A/ Series 1B (depending upon the category of Applicants) to all valid applications, wherein the Applicants have not indicated their choice of the relevant Series of Bond in their Application Form.
Click here to download the prospectus of this TFB Issue.
Who Can Apply
| Categories | Reservation for Categories | Basis of allocation incase of over subscription | |
| Category I: (QIB Portion) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category II: (Corporate Portion) |
|
25% of Overall Issue Size | On first-come-first-serve basis |
| Category III: (HNI Portion) |
The following investors applying for an amount aggregating to more than Rs. 0.10 crore across all Series of Bonds in each Tranche Issue
|
25% of Overall Issue Size | On first-come-first-serve basis |
| Category IV: (Retail Portion) Individual Investor |
The following investors applying for an amount aggregating up to and including Rs. 0.10 crore across all Series of Bonds in each Tranche
|
40% of Overall Issue Size | On first-come-first-serve basis |
4 Easy Ways to Apply
Apply on Website
- Login to Edelweiss.in >> Trade
- Click on 'IPO' tab
- Click on Order IPO
- Click on Apply button next to the NHB Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use Xtreme Trader
- Login to Xtreme Trader
- Click on Weblinks on the top menu bar
- Click on 'IPO'
- Click on Order IPO
- Click on Apply button next to the NHB Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use the Mobile Trader App
- Login to Edelweiss Mobile Trader
- Tap on 'IPO' button at the bottom of the App
- Tap on the "NHB Bond Issue", and hit the "Apply" button
- Enter relevant details like quantity and price and hit the 'Submit' button
- Post your confirmation, order will be placed successfully
Call Customer Care to Apply
- Call up 1800-102-333-5
- Select your preferred language: Press 1 for English or 2 for Hindi
- Press 1 to confirm that you are an existing account holder
- Press 5 to apply in IPO
- Speak to the customer care executive and provide the REC Option you wish to apply along with Quantity and Price.
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