Housing Development Corporation (HUDCO) launched public Issue of Tax Free Bond Issue open for subscription on 2 Dec 2013 & close on 10 Jan 2014 with an early closure option .

NRI can  Apply this Issue   

Product Note

Issue Highlight –Tranche 2 
IssuerHUDCO
Type of InstrumentSecured, Redeemable, NCD having tax benefit u/s 10 (15) (iv) (h)
Issue Open2 Dec 2013
Issue Close10 Jan 2014 (with option of early closure or extension)
Issue Size2349.19 Cr.
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter (across all series bonds)
Interest Annually
Mode of AllotmentD'mat as well as Physical Form
RatingAA+ by CARE CRISIL ICRA
ListingProposed on BSE & NSE
Interest on Application MoneyOn Allotment : same as coupon Rate On Refund : 5.00% P.A.

Issue Structure – Interest Rate

OptionOption 1Option 2Option 3
Tenor10 Yr15 Yr20 Yr
CouponRate
Category - I, II, IIISeries 1A8.51%Series 2A8.58%Series 3A8.76%
Category - IV (Retail)Series 1B8.76%Series 2B8.83%Series 3B9.01%

Cheque Details-  

Retail Investor           : HUDCO Tax Free Bonds 2013-14 Escrow Account – R  

NRI on Repartition Basis    :

                          “ HUDCO Tax Free Bonds 2013-14 Escrow Account – NR Repat  

NRI on Non Repartition Basis    :

                          “ HUDCO Tax Free Bonds 2013-14 Escrow Account – NR Non-Repat  

 

 Note :   Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)

 

About Issue

About the Issuer

HUDCO  is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activities in India. HUDCO was incorporated on April 25, 1970 under company Act 1956.

The cardinal objective of HUDCO is to undertake housing & urban infrastructure development programs in the country provide long-term finance for construction of houses for residential purposes in urban & rural areas & finance or undertake, the setting up of the new or satellite towns and industrial enterprise for building material. Business is broadly classified into following two platforms: Housing Finance and Urban Infrastructure Finance.

Share Holding pattern : 99.99% by President of India & rest of public share holding

 

 Benefit to Investor

  • The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act. ( Tax Free Bond Interest  not part of Total Income)
  • No deduction of TDS from the interest
  • No upper limit on investment amount
  • No lock in period for the Bonds
  • The Bonds shall be listed and can be traded on BSE
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

Subscription

HUDCO Base Issue Size 500 Cr.  With an option to retain over subscription upto Rs. 2439.20 Cr. 
Figure In Cr.Cat 1Cat 2Cat 3Cat 4Total
Issue Size243.92487.84731.75975.682439.19
1 Jan 14Subscribe47.03376.38574.891228.532226.83
No of times0.190.770.791.260.91
Unsubscribe196.89111.46156.87(-252.85)212.37
31 DecSubscribe47.03374.73558.041197.902177.70
No of times0.190.770.761.230.89
Unsubscribe196.89113.11173.72(-222.22)261.50
30 DecSubscribe47.03374.94560.741207.662190.37
No of Times0.190.770.771.240.90
Unsubscribe196.89112.90171.02248.83
27 DecSubscribe47.03374.73558.041197.902177.70
No of times0.190.770.761.230.89
Unsubscribe196.89113.11173.72(-222.22)261.50
24 DecSubscribe47.03374.23550.541182.462154.26
No of times0.200.770.751.210.88
Unsubscribe196.89113.61181.22(-206.78)284.94
23 DecSubscribe47.03372.68548.981172.722141.41
No of times0.200.760.751.200.88
Unsubscribe196.89115.16182.98(-197.04)297.79
20 DecSubscribe47.03360.73542.221154.752104.73
No of Times0.20.740.741.180.86
Unsubscribe196.89127.11189.54334.47
19 DecSubscribe47.03350.85540.821143.142081.84
No of times0.200.720.741.170.86
Unsubscribe196.89136.99190.94357.36
18 DecSubscribe47.03347.83533.671135.612064.15
No of times0.200.710.731.160.85
Unsubscribe196.89140.01198.09375.05
17 DecSubscribe47.03342.63526.791121.262037.71
No of Times0.200.700.721.150.84
Unsubscribe196.89145.21204.97401.49
16 DecSubscribe47.03342.13521.011107.332017.51
No of times0.200.700.711.130.83
Unsubscribe196.89145.71210.75421.69
13 DecSubscribe47.03338.58508.861083.121977.59
No of times0.200.700.701.110.81
Unsubscribe196.89149.26222.90107.44461.61
12 DecSubscribe47.03330.08504.251064.301945.67
No of Times0.190.680.691.090.80
Unsubscribe196.89157.76227.51(-88.62)493.53
11 Dec - Subscribe47.03328.77494.951039.731910.48
No of times0.190.670.681.060.78
Unsubscribe196.89159.07236.81(-64.05)528.72
10 DecSubscribe47.03312.13485.051004.641848.85
No of Times0.190.640.661.030.76
UnSubscribe196.89175.71246.71(-28.96)590.35
9 DecSubscribe2301.97464.52934.371702.86
No of times0.010.620.630.960.72
Unsubscribe241.92185.87267.2441.31736.34
6 DecSubscribe22.03288.48341.81770.351422.68
No of Times0.100.590.460.790.58
Unsubscribe221.89199.36389.95205.331016.52
5 DecSubscribe2.00268.18321.01647.411238.60
No of Times0.010.550.440.660.51
Unsubscribe241.92219.66410.75328.271200.60
4 DecSubscribe2229.38291.64488.601021.67
No of time0.010.480.410.520.43
Unsubscribe241.92240.45413.11451.071327.49
3 DecSubscribe2184.09229.38311.63727.10
No of Times0.010.390.330.330.31
Unsubscribe232.91285.74475.37628.041622.06

 

Listing

Allotment Listing Details Chart with ISIN No BSE/NSE Code

Tax Free Bond 2013-14HUDCO
Issue Open2 Dec 2013
Issue Close 10 Jan 2014
Issue RegistrarKarvy Computershare
Listing ExchangeProposed BSE / NSE
Allotment Date13 JAN 2014
Listing Date17 JAN 2014
Interest Payment Date13 JANUARY EVERY YEAR
Face Value1000
Circular Ref. NoBSE-20140116-7

Series 1ASeries 2ASeries 3ASeries 1BSeries 2BSeries 3B
Coupon8.51%8.58%8.76%8.76%8.83%9.01%
Period10 Years15 Years20 Years10 Years15 Years20 Years
ISIN NoINE 031A07964 INE 031A07972 INE 031A07980 INE 031A07998 INE 031A07AA4INE 031A07AB2
BSE Script 961811961812961813961814961815961816
Maturity Date13 Jan 202413 Jan 202913 Jan 203413 Jan 202413 Jan 202913 Jan 2034
Maturity100010001000100010001000

 

Application Form & Investment Call : Rajendra 800 775 0904

rajendra@puneinvest.com

Mobile 7719917444 

RajendraBondsTax Free Bondstax free bondHousing Development Corporation (HUDCO) launched public Issue of Tax Free Bond Issue open for subscription on 2 Dec 2013 & close on 10 Jan 2014 with an early closure option . NRI can  Apply this Issue    Application Form & Investment Call : Rajendra 800 775 0904 rajendra@puneinvest.com Mobile 7719917444 Investment you need