Investing in these bonds means you would not have to pay long term capital gains tax made on various asset classes, if the entire amount is invested.
The National Highways Authority of India is issuing these bonds at a face value of Rs 10,000 with a minimum size of one bond. The coupon rate on these bonds is 6% payable annually. The bond will close on 31st March 2012.
The bonds have been rated “AAA/Stable” by CRISIL and “AAA(ind)(Affirmed)” by Fitch Ratings. The NHAI being a government undertaking the bonds remain highly secure.