HUDCO Tranch-III Tax Free Bonds (Feruary 2014)

| March 7, 2014 | 1 Comment

Housing and Urban Development Corporation Limited (HUDCO) is launched yet another public issue (“Issue”) of tax-free secured redeemable non-convertible bonds, in the nature of debentures having tax benefits under section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended (“Income Tax Act”), by HUDCO Limited (“Company”), to eligible investors.

The Issue opens for subscription from 28th February , 2014 to 19th March, 2014.

Issue Details:

  • Particulars: HUDCO Limited TAX FREE BONDS Tranche III
  • Issue Size: Rs. 75 cr (Base Issue Size) with option to retain oversubscription upto the shelf limit (being Rs. 210.8067 cr). Total of Rs. 285.8067 Crore.
  • Issue Opens: 28-February- 2014
  • Issue Closes: 19- March-2014
  • Rating: ‘CARE AA+’ from CARE and ‘IND AA+’ from IRRPL.
  • Minimum Application: Rs.5000 & in multiples of 1 bond thereafter
  • Face Value of Bond: Rs.1000 per Bond
  • Listing: BSE
  • Interest on successful application: Respective coupon rates
  • Interest payment: Payable Annually Only
  • Issuance: Both in dematerialised form as well as in physical form as specified by the Applicant (except for Eligible QFIs) in the Application Form

Listing of the Bonds is scheduled for 28-March-2014 on BSE under ‘F-Group’

Download Application Form

Bidding Centres for depositing Applications


Option  Option I  Option II  Option III
Tenure of Bonds 10 Years 15 Years 20 Years
Maturity/ Redemption Date 10 Years from the Deemed Date of Allotment 15 Years from the Deemed Date of Allotment 20 Years from the Deemed Date of Allotment
Coupon Rates for Category I, II and III
Series of Bonds Tranche III Series 1A Tranche III Series 2A Tranche III Series 3A
Coupon Rate (%) P. A. 8.29% 8.73% 8.71%
Annualised Yield (%) P. A. 8.29% 8.73% 8.71%
Coupon Rates for Category IV
Series of Bonds Tranche III Series 1B Tranche III Series 2B Tranche III Series 3B
Coupon Rate (%) P. A. 8.54% 8.98% 8.96%
Annualised Yield (%) P. A. 8.54% 8.98% 8.96%


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Category: Tax Free Bonds

  • yoyo

    It is a good investment option!