#1
14th September 2015, 03:10 PM
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Housing & urban development corporation limited (hudco) - tax free bond issue
When last time tax free bond issued by Housing & urban development corporation limited (HUDCO), do you know about it , and tell me if HUDCO going to issue it again
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#2
14th September 2015, 03:11 PM
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Re: Housing & urban development corporation limited (hudco) - tax free bond issue
We haveno inforamtion this time about HUDCO tax free bond allotment but according to our sourses tax free bond issued by in last year and it was startrd in February 28, 2014 and Closesed in March 19, 2014 Here is inforamtion about HUDCO Tax free bond allotment The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds and the interest on the Bonds will not form part of the total income as per provisions u/s. 10 (15) (iv) (h) of I.T. Act, 1961 • Credit rating agency CARE has rated the Bonds under this offer as “CARE AA+” and India Rating and Research Pvt Ltd (IRRPL) has rated the Bonds as “IND AA+”. Instruments with this rating are considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk • The Bonds are being offered for a tenor of 10, 15 and 20 years. • The Bonds bear an attractive coupon rate; 8.29% p.a. for 10 Years, 8.73% for 15 Years and 8.71% for 20 Years for Qualified Institutional Buyers (QIBs), Corporates and High Networth Individuals (HNIs) applying for bonds more than `10,00,000/-. • For Retail Individual Investors (RIIs) applying for bonds upto ` 10,00,000/-, the coupon rate shall be 8.54% p.a. for 10 Years, 8.98% for 15 Years and 8.96% for 20 Years. HUDCO Tax free bond allotment info |