HUDCO launched its 500 Cr Tax Free Bond Issue with an option to retain over subscription aggregating up to shelf limit of Rs. ————-Cr.

 

Product Note

Issue Highlight -Tranche II 
IssuerHousing & Development Corporation Ltd ( HUDCO)
Type of InstrumentSecured, Redeemable, NCD
Issue Open21, Feb, 2013
Issue Close15 Mar 2013
Issue Size500 Cr. with right to retain oversubscription up to Rs. ---- Cr. (Shelf Limit)
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter
Interest Annually
Mode of AllotmentD'mat & Physical Form
RatingCARE AA+ by CARE , IND AA+ by IRRPL Rating
ListingNSE

Issue Structure –

OptionsSeries 1 Series 2
Tenor10 years15 years
Coupon Rate %
Category - I, II, III7.03%7.19%
Category - IV (Retail)7.53%*7.69%*

*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.

Cheque Details-

Retail Investor  : ” HUDCO Tax Free Bond 2012 – Escrow Account – R ”

NRI  Investor  : ” HUDCO Tax Free Bond 2012 – Escrow Account – NR ”

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

About Issue

About the Issuer

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.

Issue Drawback 

In case the Bonds held by the original Allottees under Category IV (Retail) are sold/transferred (except in case of transfer of Bonds to legal heirs in the event of death of original Allottee), the coupon rate shall stand revised to the coupon rate applicable for Allottees falling under Cat I,II,III portions

In simple word, additional 0.50% interest only for first investor, No benefit for Retail Investor buy from Open Market.

 

Subscription Data

CategoryNo of Bond OfferNo of Bond SubscribeNo of time subscribe
11 Mar 2013
Category I2,50,00020000
Category II1,50,0008000.01
Category III2,00,00027,7000.14
Category IV4,00,0003,92,7120.98
Total10,00,0004,21,2320.42
08 Mar 2013
Category I12,50,00020000
Category II7,50,0001,025000
Category III10,00,0001,88,4330.18
Category IV20,00,0006,42,1300.32
Total50,00,0008,31,6080.16
06 Mar 2013
Category I12,50,00020000
Category II7,50,0001,025000
Category III10,00,0001,02,4330.10
Category IV20,00,0004,82,0050.24
Total50,00,0005,85,4830.12
04 Mar 2013
Category I12,50,00020000
Category II7,50,0001,025000
Category III10,00,00082,4330.08
Category IV20,00,0004,10,2180.21
Total50,00,0004,93,6930.10
1 Mar 2013
Category I12,50,00020000
Category II7,50,00025000
Category III10,00,00016,8830.02
Category IV20,00,0002,79,4450.14
Total50,00,0002,96,3730.06
27 Feb 2013
Category I12,50,00020000
Category II7,50,000000000
Category III10,00,00016,8830.02
Category IV20,00,0002,39,9060.12
Total50,00,0002,56,8090.05
26 Feb 2013
Category I12,50,000000000
Category II7,50,000000000
Category III10,00,00016,8830.02
Category IV20,00,0001,92,4290.10
Total50,00,0002,09,33200.04
25 Feb 2013
Category I12,50,000200
Category II7,50,000000000
Category III10,00,00016,8830.02
Category IV20,00,0001,29,6340.06
Total50,00,0001,46,5370.03

Allotment/Listing

Registrar of Issue :

Karvy Computershare Pvt Ltd

Allotment link

 

 Listing Details  :

Tax Free BondHUDCO. (Tranche II)--
Issue Open25 Feb 2013
Issue Close 15 Mar 2013
Issue RegistrarKarvy Computershare
Listing ExchangeBSE
NSE Script CodeHUDCO.N6 (10 yrs) & HUDCO.N7 (15 yrs)
BSE Script Code
BSE Script ID
Coupon Rate7.03% (10 yrs) & 7.19% (15 yrs) Additional 0.50 Category IV
Allotment DateMar 28, 2013
Listing DateApr 3, 2013
ISIN NoINE031A07873 (10 Yr Bond)
INE031A07881 (15 Yr Bond)
Maturity Date28 Mar 2023 (10 yrs)
28 Mar 2028 (15 yrs)

 

Depositories :

NSDL & CDSL

Downloads

Document related to ongoing  HUDCO Tax Free Bond Issue :

  1. HUDCO Tax Free Bond Tranche Prospectus
  2. HUDCO Tax Free Bond FAQ’s
  3. HUDCO Tax Free Bond Document Required
  4. HUDCO Tax Free Bond Banking Matrix
  5. HUDCO Tax Free Bond Application Form – Contact Us

 

Shortly Update Brokerage Structure about this product

Are you interested to know brokerage structure  in your Inbox  mail : rajendra  @puneinvest.com

 

RajendraTax Free Bonds  HUDCO launched its 500 Cr Tax Free Bond Issue with an option to retain over subscription aggregating up to shelf limit of Rs. -------------Cr.    Investment you need