HUDCO Tax Free Bonds 2012

Housing and Urban Development Corporation (HUDCO), a Government of India Enterprise,  has filed the Draft Self Prospectus with SEBI and the issue is coming on January 27, 2012. As per the Prospectus the Bonds shall be issued in forms of Tax Free, Secured, Redeemable, Non Convertible Debentures with face value of Rs. 1000 each having Tax Benefits Under Section 10(15)(iv)(h) of the Income Tax Act, 1961, will raise up to Rs 4,685 Crores. The issue will be on ‘first come first serve basis’. The trustee for the bondholders is SBICAP Trustee Company.

NRIs cannot invest in HUDCO bonds but NRI investments are allowed in IRFCL Bonds

Download Application Form

List of Banks where you can Deposit Application Form

LAST DATE EXTENDED: 10-FEB-2012

Check Allotment Status

Issuer	Housing and Urban Development Corporation Limited
Issue Opening Date	27/01/2012
Issue Closing Date	06/02/2012
Instrument	Tax-Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures
Min Application Size	Rs 10,000/-
Thereafter in multiples of	Rs 1,000/-
Interest on Refund	4% p.a
Interest on application money	8% p.a.
Credit Rating	„Fitch AA+ (ind)? by Fitch Limited and „CARE AA+? by CARE
Issue Size	Rs. 2,000 Crore with an Green Shoe option (option to retain oversubscription) of up to Rs. 4,684.72 Crore
Security	The Bonds proposed to be issued are secured by a floating first pari-passu charge on present and future receivables of our Company to the extent of amount mobilized under the Issue. The Company reserves the right to create first pari-passu charge on present and future receivables for its present and future financial requirements.
Tranche	Series-I	Series-II
Tenor	10 Years	15 Years
Put Call Option	None	None
Maturity/ Redemption	At par on the expiry of 10th Year from the Deemed Date of Allotment	At par on the expiry of 15th Year from the Deemed Date of Allotment
Annual Coupon
Retail Investors (Category III)	8.22%	8.35%
Other Investors (Category I & II)	8.10%	8.20%
Note:	The differential rate for retail investor shall be applicable only to the first allottee. In the event of Sale/Transfer by the original allottee of a retail bond, the subsequent allottee will get the rates of the other investors’ category.
Interest Payment	Annual	Annual
Interest Payment Date	The date, which is the day falling one year from the Deemed Date of Allotment in case of first interest payment and the same date, till the date of redemption for subsequent interest payments.
Listing	Proposed on BSE Ltd. (“BSE”) and National Stock Exchange of India Ltd. (“NSE”). The Designated Stock Exchange for the Issue is NSE
Trustee	SBI Capital Trustee Company Limited

Issue shall remain open for subscription for a minimum of 3 days or such extended period upto a maximum period of 30 days from the date of opening of the Issue. In case of early closure, HUDCO shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper.

Please find the HUDCO subscription TILL 09-FEB-2012

HUDCO	Amt. Collected	Allocation	% Subscribed
CAT – I	2177	2108	103%
CAT – II	1218	1171	104%
CAT – III	916	1405	65%

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Tags: HUDCO, January 2012, Tax Free Bonds

Category: Fixed Deposit, Tax Free Bonds