Saturday 14 September 2013

Housing and Urban Development Corporation Limited ( HUDCO Tax Free Bonds) September 2013

Key points:

Particulars
Rate/Date

Rate of Interest for 10 Years Tenure
8.39% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 8.14% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)

Rate of Interest for 15 Years Tenure
8.76% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 8.51% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)

Rate of Interest for 20 Years Tenure
8.74% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 8.49% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)

Credit Rating
“AA+” from CARE & IRRPL ( formerly known as Fitch Rating India Pvt Ltd )
Date of Opening of Issue
17th September 2013
Date of Closing of Issue
14th October 2013
Trading
Proposed BSE Ltd.(‘’BSE’’) The Designated Stock Exchange for the Issue is BSE

Lock in period
Nil

Minimum Application Size
Rs 5000 (5 Bonds) and in multiple of Rs. 1000
(1 bonds) thereafter

Basis of Allotment
First-come First-serve basis


Please note that these bonds are not eligible for deduction u/s 80CCF of Income Tax Act.

If you like to invest in this tax free bond contact us at taxsavingideas@gmail.com or +91 98407 40852.

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