Housing and Urban Development Corporation (HUDCO), which is a Government of India Enterprise and it has filed the Draft Prospectus with SEBI and their issue is likely to commence wef January 27, 2012.
These are 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 and the amount which will be raised from the public is to the tune of Rs 4,685 Crores.
| Particulars | HUDCO TAX FREE BONDS | HUDCO TAX FREE BONDS |
|---|---|---|
| Issue Opening Date | 27TH January 2012* | 27TH January 2012* |
| Issue Closing Date | **** | **** |
| Rating | AA+ | AA+ |
| Coupon (HNI, Corp, QIB) | 8.10% p.a.* | 8.20% p.a.* |
| Coupon (Retail) | 8.20% p.a.** | 8.30%** |
| Tenure | 10 Years | 15 Years |
| Face Value of Bond | 1000 | 1000 |
| Option | Annual Payment | Annual Payment |
| Issuance | Demat, Physical | Demat, Physical |
The issue is going to be ‘first come first serve basis’ and its trustee are SBICAP Trustee Company.
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