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Friday, 26 February 2016

HUDCO Tax Free Tranche II


HUDCO Tax Free Bond Tranche II Issue.

Issuer
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED

Issue Size
Rs. 500 Cr with an option to retain over subscription up to Rs. 1,288.50 Crs aggregating upto Rs. 1,788.50 Cr
Issue opens
Wednesday, March 2, 2016

Issue closes
Thursday, March 10, 2016

Allotment
First Come First Serve Basis

Face Value
Rs. 1000 per Bond

Issue Price
Rs. 1000 per Bond

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 / NSE

Rating
“CARE AAA” by CARE , “IND AAA” by IRRPL

NRI  
NRI cannot apply in the Issue


SPECIFIC TERMS FOR EACH SERIES OF BONDS


Options
Option 1
Option 2
Frequency of interest payment
Annual
Annual
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 IA
Tranche II Series II A
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 IB
Tranche II Series IIB
Coupon Rate (%) per annum
7.29%
7.69%
Annualized Yield (%) p.a.
7.29%
7.69%

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