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HUDCO Tax Free Bond Issue – Tranche II

HUDCO Tax Free Bond Issue - Tranche II - Apply IPO

HUDCO is once again coming up with Tax Free Bond Issue . Please find attached the Product Note & Bank Matrix on Hudco Tax Free Bond Issue – Tranche II.

Issuer

HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED (HUDCO)

Issue SizeRs. 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

Lead Manager

Edelweiss Financial Services Limited, Axis Capital Ltd., ICIC Securities Ltd., SBI Capital Markets Ltd. & RR Investors Capital Services Pvt. Ltd.

Issue opensMarch 02, 2016
Issue closesMarch 10,2016
AllotmentFirst Come First Serve Basis
Face ValueRs. 1000
Issue PriceRs. 1000
Mode of IssuanceIn physical and dematerialised form.
Nature of InstrumentTax-free secured redeemable and non-convertible
Minimum Application5 Bonds (Rs. 5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond (Rs. 1,000) thereafter
ListingBSE
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%

Remember its on First come First Serve so if you want to invest then you need to make sure you apply before anyone. Other wise you might miss this opportunity. 

Disclaimer: We are only providing the information Kindly do all the investments after doing proper research.

 

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