Housing and Urban Development Corporation Tax Free Bond Feb 2014 Interest Rate up to 8.98% Pre tax Rate up to 13.56%
Company profile
HUDCO is a techno-financial institution engaged in the financing and promotion of housing and urban infrastructure projects throughout India.Established on April 25, 1970 as a wholly owned government company with the objective to provide long term finance and undertake housing and urban infrastructure development programmes.HUDCO is a public financial institution under section 4A of the Companies Act and have been conferred the status of “Mini-Ratna”.Has a pan-India presence through wide network of zonal, regional and development offices.Business is broadly classified into the following two business platform Housing finance, wherein the beneficiaries of our financing include State government agencies and borrowers belonging to all sections of the society in urban and rural areas.Urban infrastructure finance, wherein the beneficiaries of our financing include projects relating to social infrastructure and area development, water supply, sewerage and drainage, roads and transport, power, emerging sector, commercial infrastructure and others.
Hudco Bond/Series Details
| Issuer | Housing and Urban Development Corporation Ltd |
| Instrument Nature | Tax-Free, Secured, Redeemable, Non-Convertible Debentures |
| Issue Open | February 28, 2014 |
| Issue Close | March 19, 2014 |
| Issue Size (Rs) | Issue of Rs. 75 Crores |
| Face Value per Bond | Rs.1000 |
| Issue Price (per Bond) | Rs.1000 |
| Minimum Application Size | 5 Bonds (Rs.5000) |
| Listing | BSE |
| Mode of Allotment | Dematerialised form or Physical form |
| Trading | Only in Dematerialised form |
| Rating | “CARE AA+” by CARE
“IND AA+” by IRRPL |
| Options | Tranche – II Series 1A | Tranche – II Series 2A | Tranche – II Series 3A |
| Interest rate (%) p.a. | 8.29% | 8.73% | 8.71% |
| Annualised Yield (%) p.a. | 8.29% | 8.73% | 8.71% |
| Options(For Category IV only) | Tranche – II Series 1B | Tranche – II Series 2B | Tranche – II Series 3B |
| Interest rate (%) p.a. | 8.54% | 8.98% | 8.96% |
| Annualised Yield (%) p.a. | 8.54% | 8.98% | 8.96% |
| Interest Payment | Annual | Annual | Annual |
| Tenor | 10 Years | 15 Years | 20 Years |
| Minimum Application | Rs. 5,000/- (5 Bonds) | Rs. 5,000/- (5 Bonds) | Rs. 5,000/- (5 Bonds) |
| In Multiple of | Rs.1,000 (1 Bond) | Rs.1,000 (1 Bond) | Rs.1,000 (1 Bond) |
| Interest Type | Fixed Interest Rate | Fixed Interest Rate | Fixed Interest Rate |
Who can Apply/Invest
Who can apply / invest ?
1] Individual, 2] HUF, 3] Charitable Institute, 4] Company, 5] Firms, 6] Co-operative, 7] NRI, 8] Financial Institute
Benefits to the Investor
Benefits to the Investor:
1] The income by way of interest on these Bonds is fully
exempt from Income Tax and shall not form part of Total
Income as per provisions under section 10 (15) (iv) (h) of
I.T. Act, 1961.
2] There will be no deduction of tax at source from the
interest, which accrues to the bondholders in these bonds
irrespective of the amount of the interest or the status of
the investors.
3] Wealth Tax is not levied on investment in Bond under
section 2(ea) of the Wealth-tax Act, 1957
Application Process and Form Collection/Submission Centre
Application Process and Form Submission/Collection Centers
Please take print of the Application Form A4 paper size. Click here to download Application form of Hudco Tax free Bond 2014
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “HUDCO TAX FREE BONDS 2013-14 – ESCROW ACCOUNT – R”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *
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Download Application Form
Hi
Can you give me the BSE Code for 15 & 20 year Bonds ?
This bonds are trading at what price to-day ?
And what is the Interest due date ?
Thanks and waiting for your response
Paresh
Details mentioned in bond section