Financial Daily from THE HINDU group of publications
Wednesday, Dec 01, 2004
Financial Daily from THE HINDU group of publications Wednesday, Dec 01, 2004 |
|
|
|
|
|
Money & Banking
-
Interest Rates NHB hikes rates on capital gains bonds Our Bureau
New Delhi , Nov. 30 NATIONAL Housing Bank has increased rates of interest on its Capital Gains Bonds issue in 2002. The new rates would come into effect from December 1. Accordingly, for a five-year tenor with put/call option at the end of three years for amounts up to Rs 1 crore, the revised rate of interest stands at 5.35 per cent against the existing 5.10 per cent, while in the case of amounts of Rs 1 crore and above, the new rate is 5.45 per cent against 5.10 per cent. For seven-year tenor with put/call option at the end of five years, the revised rate is 5.50 per cent against 5.25 per cent.
The bonds are rated `AAA' with stable outlook from Crisil, a NHB release said.
More Stories on : Interest Rates
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|