Image via Wikipedia
NHAI has 70,000 kms of highways to be awarded under the National Highways Authority of India umbrella, targetting progress of 15 kms per day by end March 2013 (FY 2013)
NHAI avers that to reach the target of 20 kms per day, it needs to have 20000 kms or 30% of its inventory awarded. For FY 12 they have awarded 4,300kms projects. The company is raising $1 bln with bonds of which 40% is reserved for Institutions and 30% for HNIs. 15 year, and 10 years bonds yield 12.45 and 12.3% (8.3% and 8.2% coupons) NHAI puts up the public portion of the funding of the highway and retains a 100% oversubscription ( likely institutional) for its 25% share of any project(tentative)
NHAI already has operational projects of nearly $800mln revenues and has recd $400 mln this year as premium from 19 projects
Related articles
- NHAI takes up study to widen Pollachi Road (thehindu.com)
- Realignment for bypass road to circumvent tanks (thehindu.com)
- Toll collection on highway suspended (thehindu.com)
- NHAI to float bonds for Rs.10,000 cr (thehindu.com)
- India’s NEW welfare economy (awardz.wordpress.com)
- Japan Govt To Sell Y149.7 Trln Of Bonds In Market in FY 2012 (forexlive.com)
One can Invest in Tax Saving Infrastructure Bonds & at the same time help in nation building, since the pooled resources are used for country’s Infrastructure Development.
IFCI Ltd, which is one of India’s oldest financial institution is out with its Tax Saving Infrastructure Bonds Issue (Series IV). The issue is open till 16th Jan 2012, the effective rate of return is lucrative.
I came acoss a blog http://www.infrastructurebond.in which mentioned the information.
Posted by Vishwnath Rao | December 26, 2011, 5:40 amFOR APPLICATION OF INFRASTRUCTURE BOND – CONTACT – AMIT SURPURIYA – 9850873688 – PUNE
KSHITIJ FINANCIAL SERVICES
Mutual Fund | Systematic Investment Plan | Infrastructure Bond | 54EC Capital Gain Bond | Tax Free Bond | Company Fixed Deposit | Mediclaim | Income Tax Return Filing
Posted by asurpuriya | January 24, 2012, 6:28 pm