State own Housing & Development Corporation (HUDCO) has come out with a Tax Free issue of Rs. 750 Cr. with an option to retain over subscription upto Rs. 5000 Cr.
HUDCO Tax Free Bond ISSUE Product DETAILS
Issue Opens
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January 09, 2013
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Issue Closes
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January 21, 2013
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Issuer
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Housing & Development Corporation Limited (HUDCO)
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Issue Size
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Public Issue of Rs. 750 crores with right to retain oversubscription upto the Shelf Limit (i.e. upto Rs 5,000 crores)
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Mimnimum Application Size
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Face value of each Bond shall be Rs. 1,000/- and the minimum application size shall be for 5 bonds and in multiples of 1 Bond thereafter
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Listing
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NSE
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Rating
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“CARE AA+” by CARE, “IND AA+” by IRRPL
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Coupon Rates for Category-I, II, III & IV Applicants (% p.a)
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7.34%
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7.51%
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Additional Coupon Rates for Category-IV Applicants (% p.a.)**
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0.50%
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0.50%
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Aggregate Coupon Rates for Category-IV Applicants (% p.a.)**
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7.84%
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8.01%
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Interest payment date
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Payble annually from, and including, the Deemed date of allotment
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Tenor
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10 years
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15 years
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Face Value per Bond
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Rs. 1,000/-
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Frequency of Interest payment
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Annual
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Annual
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Registrar
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Karvy Computershare Private Limited
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Mode of allotment
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In dematerialised form as well as in physical form, at the option of Applicants.
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*ALLOTMENT IS ON FIRST COME FIRST SERVE BASIS AND BIDDING OF THE FORM IS MANDATORY.
Cheque In Favour of :
The payment instrument from all Retail Investor shall be payable into the Escrow account drawn in favour of " HUDCO Tax Free Bonds 2012 Escrow Account - R" & cross A/c Payee
The payment instrument from all FII & Eligible NRI Applicant shall be payable into the Escrow account drawn in favour of " HUDCO Tax Free Bonds 2012 Escrow Account - NR" & cross A/c Payee
Tax Benefits of the Bonds :
- No TDS deduction from the Interest
- The Income by way of Interest on these Bonds is fully exempt from Income Tax
- No Wealth Tax
- No deduction from the total Income will be available for Invested Amount.
Document required for Physical Copy of NCD Certificate (KYC):
- Self attested copy of Pan Card,
- Self attested copy of residence valid proof,
- Self attested copy of Cancelled cheque of the bank account to which the amount pertaining to payment of refunds, interest & redemption, as applicable, should be credited.
- HUDCO Tax Free Bond Banking Matrix
- HUDCO Tax Free Bond - Document required
- HUDCO Tax Free Bond - Tranche Prospectus
- HUDCO Tax Free Bond - FAQ
- HUDCO Tax Free Bond - Application Form Download*
* Note : As per issue guideline before submit to Form @ Escrow bank A/c, Bidding is compulsory. Without Bidding you may not get Allotment of Bonds. That why I am not add Form Download link. If you are interested to Invest, Please Mail me. I send you details process about Application Form.
Call for Investment : Rajendra 8007750904 (Pune )
rajendra@puneinvest.com
can you please publish the listing details for this issue. Script code,etc would help. How do find a quote for this issue?
जवाब देंहटाएंHello Anonymous,
जवाब देंहटाएंYou can find out All details in single page, Product Note, Allotment, Listing
Check this link
http://puneinvest.com/topics/tax-free-bonds/