Hudco Tax Free Bond Issue – Tranche II 2016

Invest Hudco Tax Free Bond Issue Online

 Product Note for Hudco Tax Free Bond Issue – Tranche II.

 

 

Issuer	HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
Issue Size	Rs. 500 crore (Base Issue Size) with an option to retain oversubscription Up to Rs. 1,288.50 crore aggregating upto Rs. 1,788.50 crore
Issue opens	March 02, 2016
Issue closes	March 10,2016
Allotment	First Come First Serve Basis
Face Value	Rs. 1000
Issue Price	Rs. 1000
Mode of Issuance	In physical and dematerialised form.
Nature of Instrument	Tax-free secured redeemable and non-convertible
Minimum Application	5 Bonds (Rs. 5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond (Rs. 1,000) thereafter
Listing	BSE
Rating	'CARE AAA' from CARE and 'IND AAA' from IRRPL

SPECIFIC TERMS FOR EACH SERIES OF BONDS

 

Options	Option 1	Option 2
Tenure of Bonds	10 years	15 years
Maturity/Redemption Date	10 years from Deemed Date of Allotment	15 years from Deemed Date of Allotment
Coupon Rates for Category I, II and III
Series of Bonds*	Tranche II Series 1A	Tranche II Series 2A
Coupon Rate (%) p.a.	7.04%	7.39%
Annualized Yield (%) p.a.	7.04%	7.39%
Coupon Rates for Category IV
Series of Bonds	Tranche II Series 1B	Tranche II Series 2B
Coupon Rate (%) per annum	7.29%	7.69%
Annualized Yield (%) p.a.	7.29%	7.69%

 

 

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