17 September 2013

Secured, Tax free HUDCO Bonds

SECURED TAX FREE BONDS
HOUSING & URBAN DEVELOPMENT CORPORATION LTD
Coupon rate - 8.76% per annum*

Highlights of the Issue
  • Issue Period: 17th September - 14th October, 2013.
  • Secured, redeemable debentures with tax benefits under Section -10 of The Income Tax Act, 1961.
  • Minimum Subscription: Rs 5000(5 NCDs of face value Rs 1000 each)
  • Rated “AA+” by CARE & IRRPL respectively
  • Attractive coupon of 8.76% per annum,
  • Who can Apply- Resident Individuals, HUFs, QIBs, Corporates, QFIs, NRIs
  • To be listed on BSE
 
Company Profile
  • Established in 1970 as a wholly owned government company.
  • Provides long term finance and undertakes housing and urban infrastructure development programmes.
  • Conferred Mini-Ratna status in 2005 on the grounds of sustained performance & profitability.
  • Pan-India presence across 33 states and union territories covering around 1,800 cities and towns.
  • Profit after tax of INR 700.56 crores for the fiscal year 2013.
  • Net Worth: INR 6,427.11 crores as on March 31st, 2013
     

*8.76% of coupon rate is applicable to category IV investors investing under Series II of the issue. Please refer to the prospectus for more details.
 
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