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#2
21st December 2015, 09:03 AM
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| Re: HUDCO Tax Free Bonds Extension
As per your request here I am providing you information about the date when Housing and Urban Development Corporation Limited Tax Free Bonds Extension. HUDCO Tax Free Bond closing date extended by 4 days Housing and Urban Development Corporation Limited (HUDCO) has announced extension of closing date of HUDCO Tax Free bonds by 4 days. Housing and Urban Development Corporation Limited has announced extension of closing date of HUDCO Tax Free bonds by 4 days. Accordingly, the bonds which were scheduled to close on February 6, 2012 close on February 10, 2012. The bonds carry a coupon rate of 8.10% for Tranche-I Series 1 Bonds and 8.20% for Tranche-I Series 2 Bonds on per annum basis. Additional coupon rate of 0.12% per annum for Tranche-I Series 1 Bonds and 0.15% per annum for Tranche-I Series 2 Bonds shall be payable to the allottees under Category III which will aggregate to coupon rates of 8.22% and 8.35% respectively. Option, series-1, series-2, series-3 HUDCO 8.76% Tax Free Bonds Issue (Image)  Categories of Investors & Basis of Allotment – Category I – Qualified Institutional Bidders (QIBs) – 10% of the issue is reserved Category II – Non-Institutional Investors (NIIs) – 20% of the issue is reserved Category III – High Net Worth Individuals including HUFs, NRIs & QFIs – 30% of the issue is reserved Category IV – Resident Indian Individuals including HUFs, NRIs & QFIs – 40% of the issue is reserved 10 year bond 15 year bond Hudco coupon for retail investor 7.84% 8.01% Hudco’s coupon for others 7.34% 7.51% Hudco’s credit rating AA+ AA+ IRFC’s coupon for retail investor 7.68% 7.84% IRFC’s coupon for others 7.18% 7.34% IRFC’s credit rating AAA AAA |