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NHAI 54EC Capital Gain Bonds 2021-22 (Tr-XXII)

National Highways Authority of India, a Statutory Body established under the National Highways Authority of India Act, 1988 having its Head Office at G-5 & 6, Sector-10, Dwarka, New Delhi-110075

NHAI has started taking the Application for New Series of NHAI 54EC Capital Gain Bonds 2021-22 (Tr-XXII) w.e.f. 01st April, 2021.

OBJECTS OF THE PRIVATE PLACEMENT

The proceeds of the Private Placement will be used towards part financing of the various projects being implemented by the Authority under the National Highways Development Project (“NHDP”) as approved by the Government of India.

HIGHLIGHTS OF THE INSTRUMENT

Credit rating“Highest credit rating i.e. CARE AAA/Stable by CARE LtdCRISIL AAA/Stable by CRISIL Ltd, IND AAA/Stable by India Rating (Fitch) & ICRA AAA/Stable by ICRA Ltd
Face ValueRs.10,000/- per Bond
Issue PriceRs.10,000/- per Bond
Minimum application sizeApplicant can apply for as minimum as 1 (ONE) Bond of Rs. 10,000/- (Ten Thousand)
Maximum application sizeApplicant can apply for a maximum of 500 bonds of Rs.10,000/- each (Rs.50,00,000) subject to fulfillment of other conditions as specified in the Income Tax Act.
Tenure of Bonds5 Years
Size of the IssueRs. 5,000 Crore
Mode of Subscription100% on application
Deemed Date of Allotment/Deemed DateLast day of the month during which the application amount has been cleared and credited to NHAI’s collection account
TransferabilityThe Bonds are non-transferable, non-negotiable, and cannot be offered as a security for any loan or advance
Interest paymentAnnually on 1st bank working day of April & Final Interest at the time of Maturity
Coupon rate5.00% p.a.
MaturityAt par, 5 years from Deemed Date of Allotment
TrusteeIDBI Trusteeship Services Limited
1009, Ansal Bhawan, KG Marg, New Delhi – 110001
India Registered Office: Asian Building, Ground Floor, 7, R.Kamani Marg, Ballard Estate, Mumbai – 400001.
RegistrarM/s Beetal Financial & Computer Services Pvt Ltd
99 Beetal House, Nr. Harsukhdas Mandir, Behind Local Shopping Centre, Madangir, New Delhi – 110062 E.Mail: nhaibonds@gmail.com, spgupta123@gmail.com
Collecting BanksThe application can be submitted to all our existing bankers i.e. any branch of Union Bank of India, HDFC Bank, IndusInd Bank, and specified branches of Axis Bank, Canara Bank, ICICI Bank & IDBI Bank Ltd listed in the Information Memorandum dated 01 April 2021.
Closure of IssueThe issue is open on-Tap Basis and will close on March 31, 2022, at the close of the banking hours or on achieving of ceiling limit of Rs.5,000 Crore without any further notice or at a date as may be decided by NHAI at its absolute discretion.

Note:

  • NHAI reserves the right to revise the terms of the Bonds including the Coupon rate in its absolute discretion either through the issue of Information Memorandum containing revised terms and conditions or making an announcement in one or more leading newspapers or any other appropriate means subject to applicable law. The revised terms shall be applicable only to Bonds allotted in respect of applications made after notification of the revised terms or issue of information memorandum containing the revised term sheet, as the case may be.
  • All applications submitted but not accepted by NHAI would be returned by NHAI to the applicant without any interest.
  • Application for Rs. 10,000/- and in multiples of one bond thereof only will be accepted.
  • Applicants can download the application form for 54EC bonds and can deposit in any of the 7 collecting banks as mentioned above. The said bank branch will allot the application form number to the applicant on acceptance of the form.

Application Form 2021-22 [English] – Offline

Application for NHAI 54EC bonds can be made Online also.

Bank details for deposit/ remittance of application made under NHAI 54EC Bonds

List of designated bank branches

Information Memorandum NHAI 54EC Bonds

List of Authorized brokers of NHAI 54EC Bonds

Form 3 – Change of Address

Form 3 – Change in Bank particulars

Form SH-13 – Addition of the nominee

Form SH-14 – Change of cancellation of name of Nominee

Indemnity for duplicate bond

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