Hudco tax-free bond to open on Dec 2 with 9.01% interest

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

 

Hudco tax-free bonds 2013

STATE-OWNED Housing and Urban Development Corporation (Hudco) plans to raise Rs 2,439 crore from an issue of tax-free bonds starting December 2, its second tranche of such securities in this financial year.

The company had raised Rs 2,370 crore in the first tranche of tax-free bonds launched in September.

The finance ministry has allowed Hudco to raise Rs 5,000 crore through bonds in 2013-14. The company raised Rs 190.8 crore in August through a private placement with institutional investors.

The size of the tax-free bond issue is Rs 500 crore, with an option to retain oversubscription of up to Rs 2,439.2 crore, Hudco said in a statement.

The issue will open for subscription on December 2, and is scheduled to close on January 10, 2014. The bonds under the issue are proposed to be listed on the BSE, it said.

The funds will be used to finance the government's housing and urban infrastructure projects, working capital requirements, augmenting the company's resource base and other operational requirements.

For retail investors applying for bonds up to Rs 10 lakh, the coupon rate is 8.76 per cent per annum for 10 years, 8.83 per cent for 15 years and 9.01 per cent for 20 years.

The bonds bear a coupon rate of 8.51 per cent per annum for 10 years, 8.58 per cent for 15 years and 8.76 per cent for 20 years for qualified institutional buyers, companies and high net worth individuals.

The coupon rates are higher than the first tranche, a company official said

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund