NTPC FIRST TO RAISE TAX FREE BONDS

GET READY TO INVEST IN TAX FREE BONDS

Series of TAX FREE BOND ISSUES are going to come now. First to come is NTPC
Option 1 Option 2 Option 3
Tenure of Bonds 10 years 15 years 20 years
Maturity/Redemption Date^ 10 years from Deemed
Date of Allotment
15 years from Deemed
Date of Allotment
20 years from Deemed
Date of Allotment
Coupon Rates for Category I, II and III#
Series of Bonds* Series 1A Series 2A Series 3A
Coupon Rate (%) per annum Determined as per the methodology mentioned in CBDT Notification dated July
Annualized Yield (%) per annum 6, 2015 and as specified in Prospectus
Coupon Rates for Category IV
Series of Bonds Series 1B Series 2B Series 3B
Coupon Rate (%) per annum Determined as per the methodology mentioned in CBDT Notification dated July
Annualized Yield (%) per annum 6, 2015 and as specified in Prospectus
# Pursuant to the CBDT Notification and for avoidance of doubt, it is clarified as under:
a. The coupon rates indicated under Series 1B, Series 2B and Series 3B shall be payable only on the Retail Individual Investor Portion in the Issue. Such coupon is payable only if on the Record Date for payment
of interest, the Bonds are held by investors falling under the Retail Individual Investor Category/Category IV;
b. If the Bonds allotted against Series 1B, Series 2B and Series 3B are transferred by Retail Individual Investors to Non- Retail Individual Investors, being Category I, Category II and Category III investors, the
coupon rate on such Bonds shall stand at par with coupon rate applicable on Series 1A, Series 2A and Series 3A respectively;
c. If the Bonds allotted against Series 1B, Series 2B and Series 3B are sold/transferred by the Retail Individual Investors to investor(s) who fall under the Retail Individual Investor category as on the Record
Date for payment of interest, then the coupon rates on such Bonds shall remain unchanged;
d. If on any Record Date, the original Retail Individual Investor Allotee(s)/transferee(s) hold the Bonds under Series 1A, Series 1B, Series 2A, Series 2B, Series 3A and Series 3B for an aggregate face value
amount of over Rs 10 lakh, then the coupon rate applicable to such Retail Individual Investor Allottee(s)/transferee(s) on Bonds under Series 1B, Series 2B, Series 3B shall stand at par with coupon rate
applicable on Series 1A, Series 2A, and Series 3A, respectively;
e. Bonds Allotted under Series 1A, Series 2A and Series 3A shall carry coupon rates indicated above until the maturity of the respective Series of Bonds irrespective of category of holder(s) of such Bonds; and
f. For the purpose of classification and verification of status of the eligibility of a Bondholder under the Retail Individual Investor category, the aggregate face value of Bonds held by the Bondholders in all the
Series of Bonds Allotted under the Issue shall aggregated on the basis of PAN.
Source: Draft Prospectus dated September 9, 2015
Disclaimer: “Invest only after referring to the Prospectus”