National Highways Infra Trust NCD 2022 (NHAI Invit 2022) are Open on 17 October 2022 and to close on 07 November 2022. The Company will offer 8.05% interest rates on the NCD Bonds. And NCD tenure will be applicable for 13 Years, 18 years, and 25 years. The company will raise a base fund of ₹750 crore and shelf fund raise ₹750 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
National Highways Infra Trust is a registered infrastructure investment trust under the InvIT Regulations. The company currently have a right to toll, operate and maintain a portfolio of five Initial Toll Roads (defined below) in the Indian states of Gujarat, Rajasthan, Telangana and Karnataka, and intend to toll, operate and maintain a portfolio of three Target Toll Roads (defined below) in the Indian states of, Telangana, Maharashtra, Uttar Pradesh and Madhya Pradesh under the Toll Operate Transfer (“TOT”) model conceived by NHAI.
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These Toll Roads (defined below) are operated and maintained pursuant to concessions granted by the NHAI. The Initial Toll Roads comprise five stretches spanning a total length of approximately 389 kms and the Target Toll Roads comprise three stretches spanning a total length of approximately 246 kms.
Objects of the Issue :
- Infusion of debt into the Project SPV: The proceeds of the debt infused into the Project SPV shall be utilized by the Project SPV for: (a) part payment of (i) initial estimated concession value to the Sponsor, in terms of the Concession Agreements; (ii) initial improvement cost; (iii) major maintenance cost; and/or (b) creation and maintenance of major maintenance reserve, if any; and/or any (c) any general corporate purposes including creation and maintenance of debt service reserve account; and/or
- In the event that the Bridge Loan Facility has been drawn instead (whether partly or fully) (“Bridge Amount”) by the Trust, then the Trust proposes to utilise the Issue proceeds to such extent to repay the Bridge Amount; and/or
- General corporate purposes.
Company Strenght :
- Experienced Sponsor with consistent track record in operating and maintaining projects in the roads and highways sector in India
- Sizeable portfolio of diversified long-term revenue generating Toll Road assets
- Presence in strategic regions/ Strategic geographic location of portfolio assets
- Experienced management team with industry experience
- Growth opportunities and access to Sponsor’s portfolio
- Favourable Concession Agreements terms with Low Counterparty Risk and Inflation Passthrough
National Highways Infra Trust NCD Review :
■ Apply
National Highways Infra Trust NCD Security Name :
■ National Highways Infra Trust
National Highways Infra Trust NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
National Highways Infra Trust NCD Ratings
| Agency | Rating |
| CARE | AAA, Stable |
| IRRPL | AAA, Stable |
National Highways Infra Trust NCD Bonds 2022 Issue Details :
| Issue Open | 17 October 2022 |
| Issue Close | 07 November 2022 |
| Issue Base Size | ₹750 Cr. |
| Issue Shelf Size | ₹750 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 8.05% Annual |
| Listing on | BSE & NSE Platform |
National Highways Infra Trust NCD 2022 Market Lot :
| Market Lot : | 1 NCD |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
National Highways Infra Trust NCD Bond 2022 Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 |
| Tenure | 13 Years | 18 Years | 25 Years |
| Nature | Secured | Secured | Secured |
| Interest | Semi-Annually | Semi-Annually | Semi-Annually |
| Coupon Rate | 7.90% | 7.90% | 7.90% |
| Effective Yield | 8.05% | 8.05% | 8.05% |
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Company Promoters :
■ N/A
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
National Highways Infra Trust Lead Managers :
■ JM Financial Consultants Private Limited
■ A.K. Capital Services Limited
■ ICICI Securities Limited
■ SBI Capital Markets Limited
■ Trust Investment Advisors Private Limited
National Highways Infra Trust NCD Debenture Trustee :
SBICAP Trustee Company Limited
Mistry Bhavan, 4th Floor,
122 Dinshaw Vachha Road,
Churchgate, Mumbai 400 020
Tel: +91 22 4302 5500/66
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.sbicaptrustee.com
National Highways Infra Trust NCD Registrar :
KFin Technologies Limited
Selenium, Tower B, Plot No. 31 & 32, Financial
District, Nanakramguda, Serilingampally, Hyderabad,
Rangareddi 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.kfintech.com
Company Address :
National Highways Infra Trust
G – 5 & 6, Sector 10, Dwarka,
New Delhi – 110 075
Phone: +91 11 2507 6536
Email: [email protected]
Website: https://www.nhaiinvit.in/
National Highways Infra Trust NCD 2022 FAQs:
What is National Highways Infra Trust NCD 2022 ?
National Highways Infra Trust NCD 2022 is Security Bond.
When National Highways Infra Trust NCD 2022 will open?
The National Highways Infra Trust NCD 2022 to open on 17 october 2022 and closes on 07 November 2022.
What is the National Highways Infra Trust NCD 2022 Size?
National Highways Infra Trust NCD size is ₹1500 Crores.
What is the issue Shelf size of National Highways Infra Trust NCD?
The Shelf size of National Highways Infra Trust NCD ₹750 Cr.
What is the issue Base size of National Highways Infra Trust NCD?
The Base size of National Highways Infra Trust NCD ₹750 Cr.
What is National Highways Infra Trust NCD Price Band?
National Highways Infra Trust NCD Price Band is ₹1000 Per NCD.
What is National Highways Infra Trust NCD Minimum Lot Size?
The National Highways Infra Trust NCD Minimum Lot Size 10.
What is National Highways Infra Trust NCD 2022 Interest Rate?
The National Highways Infra Trust NCD Interest Rate is 8.05% Annual.
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