NABARD Bhavishya Nirman Bonds have been launched from 10th May, 2010

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GENERAL INFORMATION
a). A 10 Year Zero Coupon Bond of National Bank for Agriculture and Rural Development (NABARD) hereinafter referred to as Bhavishya Nirman Bond is being issued by way of private placement as long term investment.
b) The bonds will be listed at BSE.
TERMS OF THE BOND
i. Face value:
Each bond has a face value of Rs. 20,000/-.
ii. Issue Price:
Each bond has a Issue Price of Rs. 9,500/-.
iii. Tenure of Bond:
The bonds will be issued for tenure of 10 years from the deemed date of allotment.
iv. Coupon Rate
7.73% p.a compounded. 11.05% p.a. Simple Yield
iv. Minimum Investment:
The minimum investment under Bhavishya Nirman Bond shall be 5 bonds and thereafter in multiples of five bonds.
Working details - Bhavishya Nirman Bonds
Pricing of Zero Coupon Bond and its cost to NABARD
Particulars
Current Issue
ZCB Price (Initial Investment) 9500
Maturity Proceeds 20000
Gross Yield 10500
Indexed cost of Investment 14725
Capital Gains Tax 1050
Post tax return 9450
Simple Yield (%) 11. 05%
Compounded Yield 7.73%
Post tax simple yield (%) 9.95%
Post tax compounded yield ZCB 7.15%
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