HPIDB Bonds

The investments In "HPIDB Bonds" are safe and secure because :-

• The Principal repayment as well as interest payments under the Bonds and all monies relating to the servicing obligation shall be secured by a structured mechanism through a designated bank account.
  

• The Government of Himachal Pradesh has unconditionally and irrevocably guaranteed the interest on the Bonds and repayment of principal amount till the maturity.

• Interest Payment and repayment of Principal Guarantee by GOHP.

• Structured Payment Mechanism with contribution from Govt. of HP.

• Borrowing has the approval of Planning Commission, Govt. of India.

• Consistent Track Record of Govt. of HP for timely repayment of Principal and Interest.

• First Charge of Bondholders on balances of Designated Accounts

• Interest payable annually.

• Bond of 12 years Maturity with Put & Call at the end of 10th year.
  
  

WHO CAN APPLY

1. Companies and Body Corporate.
2. Religious and Charitable Trusts.
3. Banks, Financial Institutions and Mutual Funds.
4. Provident Funds, Superannuation Funds and Gratuity Funds.
5. Non Banking Finance Companies and Residuary Non Banking Finance Companies.
6. Insurance Companies.
7. Regional Rural Banks and Co-operative Banks.
8. Port Trusts.
9. Corporates setup under Centre /State Act.

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