This entry is part 1 of 3 in the series Tax Free Bond 2013-14

Housing & Development Corporation (HUDCO) tax free bond issue to raised 4809 Cr. will open for subscription on September 17, 2013 till October 14 2013.  The core issue size will be 750 Cr with an option to retain of up to Rs. 4809.20 Cr.

Product Note

Issue Highlight -Tranche 1 
IssuerHousing & Development Corporation ( HUDCO) Tranche-1
Type of InstrumentSecured, Redeemable, NCD
Issue Open17 Sep., 2013
Issue Close14 Oct., 2013 (with option of early closure or extension)
Issue Size750 Cr. with an option to retain oversubscription of 4809. 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
RatingCARE AA+ by CARE , AA+ by IRRPL (Fitch)
ListingNSE/BSE

Issue Structure –

OptionsSeries 1 Series 2Series 3
Tenor10 years15 years20 years
Coupon Rate %
Category - I, II, III8.14%8.51%8.49%
Category - IV (Retail)8.39%8.76%8.74%

Cheque Details-  

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

NRI  Investor 

Repatriation basis       :   HUDCO Tax Free Bond 2013-14 – Escrow Account – NR – Repat “

Non Repatriation basis: ” HUDCO Tax Free Bond 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)

Bankers :  Axis Bank, Kotak Bank , HDFC Bank, IDBI Bank, ICICI Bank, IndusInd Bank , SBI , Union Bank , PNB, Yes Bank

About Issue

About the Issuer

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

The cardinal objective of HUDCO is to undertake housing and urban infrastructure development programs in the country provide long-term finance for construction of houses for residential purposes in urban and rural areas  and finance of 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 & Urban Infrastructure finance.

 

 

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.
  • No TDS
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

How to Apply

Listing

Listing Date :

Allotment Date :

HUDCO  Tax Free Bond Tranche I – Allotment Details :

Tax Free BondHUDCO Tax Free Bond Tranche I
Issue Open17 SEP 2013
Issue Close 14 OCT 2013
Issue RegistrarKarvy Computershare
Listing ExchangeBSE
Allotment Date25 OCT 2013
Listing Date29 OCT 2013
Interest Payment Date25 Oct Every Year
Face Value1000
Circular Ref. NoBSE-20140123-12
Series1 A2 A3 A1 B2 B3 B
Coupon8.14%8.51%8.49%8.39%8.76%8.74%
Period10 yr15 yr20 yr10 yr15 yr20 yr
ISIN NoINE 031A07907INE 031A07915INE 031A07923INE 031A07931INE 031A07949INE 031A07956
BSE Script 961781961782961783961784961785961786
NSE Script
Maturity25 OCT 202325 OCT 202825 OCT 203325 OCT 202325 OCT 202825 OCT 2033
Maturity Amt100010001000100010001000

Registrar of Issue :

shortly updated

Allotment link

After issue closed updated

Trustee for Bondholders : SBICap Trustee Company Ltd

Depositories :  NSDL & CDSL

 

Application Form & Investment Call : Rajendra 7719917444

Contact Us

rajendra@puneinvest.com

Mobile 7719917444