Sunday, February 28, 2016

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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