Attractive yield

The Indian Railway Finance Corporation Bonds (N2) are offering a coupon rate of 8.1%, the interest which is payable on Oct 15 each year. The bonds are currently quoting at Rs 1058, taking their yield to maturity to around 8.29%. The Bonds expire in Feb 2027.

Tax free yield of around 8.46%

The HUDCO Tax Free Bond N3 series is currently trading at Rs 1020 on the National Stock Exchange. The yield to maturity on the bond works to around 8.46% at the current market price. The bond currently attracts a coupon rate of 8.1% and the interest is payable on March 5 each year.

A tax free yield of around 8.39%

The REC TAX Free Bonds N3 is currently trading at Rs 982 and offers a yield to maturity return of around 8.39%.

The Bonds mature in Dec 2022 and the coupon rate on the Bonds is currently 7.22%. 

Yield to maturity of around 8.2%

The NHAI NI series is offering a yield of around 8.17% at the current market price of Rs 1079. The Bonds offer an interest rate of 8.20% annually and the interest is payable on Oct 1 every year. The Bonds expire in Jan 2022.

Tax free yields of around 8.34%

The Hudco Tax Free Bonds, N2 series are currently traded around Rs 1029, taking their yields to around 8.34%. The bonds currently offer a coupon rate of 8.2% and the interest is payable March 5 each year. The tax free bonds expire in March 2027.