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Tax Free Bond: A Move to Attract Investment in Renewable Energy

News

Power Finance Corporation has emerged the first issuer tapping tax free bond market but through a private placement, which allows only institutions and ultra high networth individuals to invest. 
Source: ET

SNP Insight

Tax free bond is a thoughtful move to attract the investment for the renewable power generation in India. This may be a win-win situation for both the investors and government where the investors is shielded from the investment risk while the issuer may have the return on raised fund of around 2-3%.
Source: SNP Infra Research