#1
25th March 2016, 12:53 PM
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HUDCO and IRFC Bonds
Hi I would like to have the information of the Tax free bonds which were issued by Housing and Urban Development Corp. Ltd and Indian Railway Finance Corp. Ltd in the year 2012?
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#2
25th March 2016, 12:54 PM
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Re: HUDCO and IRFC Bonds
Indian Railways Finance Corporation (IRFC) and Housing and Urban Development Corporation (Hudco) will offer assessment free bonds that are no less than five times bigger than late issuances. The Details of the Bonds are as given below: Issue IRFC HUDCO Size Upto 6300 cr. Upto 4685 cr. Interest Rate 10 yr bond Retail 8.15% 8.22% Others 8.00% 8.10% 15 yr bond Retail 8.30% 8.35% Others 8.10% 8.20% Minimum Rs. 10,000 Rs. 10,000 Time Lines Opens 27-Jan-12 27-Jan-12 Closes 10-Feb-12 6-Feb-12 Retail applications are for people, for under Rs. 5 lakh, and the higher financing cost is just for the principal distribution. Any offer of the security will drop the enthusiasm down to the "Others" level. The bonds will list on the NSE and BSE and the hobby will in any case be sans assessment. Principle highlights The allocation is on a first-started things out serve premise; henceforth you must be speedy in choosing to contribute. Be that as it may, both issues are substantial in size; the IRFC issue size is dependent upon Rs 5,000 crore and the Hudco issue size is dependent upon Rs 4,685 crore. The bonds accompany a 10-or 15-year development. The premium coupon relies on upon the development and class of financial specialist. FICO assessment and danger The Hudco issue has been evaluated AA+ via CARE and Fitch (ind), while the IRFC issue has been appraised AAA by Crisil, CARE and Icra. In fact, the rating for IRFC is higher; yet considering that both associations are government-possessed, the default danger is negligible. |