Tax Saving Mutual Funds Online
Current open Infra Bond Application form
Download REC Tax Free Bond Application Forms
REC Plans Rs 1500 cr NCD Issue at 9.28%
State-run power financier Rural Electrification Corp will enter the capital market to raise . 1,500 crore in five-year non-convertible debentures in a day or two, a senior executive said. REC has finalised a 9.28% coupon and plans to strike swap deals of equivalent amount to reduce the effective cost.
REC's director (finance) HD Khunteta said the corporation is looking to reduce cost by around 150 basis points by doing interest rate swap deals with banks. REC will swap the fixed coupon for a six-month or one-year Japanese yen-denominated Libor rate. After the swap deal, REC will receive 9.28% a year from the counter-party and pay six-month or one-year yen Libor plus a spread.
An investment banker close to the development said REC will certainly save cost in the first year as yen Libor rates remained low. But the situation may change from next year if the interest rate in Japan rises. Again, at the end of the swap period, REC will face an exchange rate risk.
REC said minimum investment will be . 200 crore per bidder for this issue, which will be listed on the wholesale debt segment of the National Stock Exchange. The power financier will pay the coupon semi-annually. Investment bankers said the REC's offer is in line with market rates. A comparable REC 2016 paper was traded at 9.28% on Wednesday, while 2015 PowerGrid paper was traded at 9.25%.
The company has also done road shows for its proposed $200-million Swiss bond issue and is waiting for investors' response.
Meanwhile, Export Import Bank of India also plans to enter the bond market to raise a minimum . 125 crore for three years at 9.25% annually. There is an unspecified green shoe option attached to the issue.
---------------------------------------------
Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
---------------------------------------------
Application form for Tax Saving Infrastructure Bond and more information
Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------
How to apply to HUDCO Bonds?
Apply for HUDCO Tax Free Bonds forms below
Download HUDCO Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
------------------------------------------------
How to apply to REC Bonds?
Apply for REC Tax Free Bonds forms below
Download REC Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
No comments:
Post a Comment