The Hindu Business Line : SIDBI bonds issue opens today

SMALL Industries Development Bank of India (SIDBI) plans to launch its capital gains bonds through the private placement route on May 21. The issue will be available on tap.

SIDBI will offer three instruments for tenures of 3 years and 5 years at a coupon rate of 5.25 per cent, with put-and-call options at the end of the three-year lock-in period.

The bonds have been assigned a credit rating of "CARE AAA" by CARE. Instruments carrying this rating are considered to be of the best quality carrying negligible investment risk. No tax will be deducted at source on the interest payable on these bonds.

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