HUDCO - Tax Free Bonds - Tranche II - Pre Tax Return

Pre Tax Return :

Individuals	Retail	Pre- Tax
	Coupon	10.30%	20.60%	30.90%	33.90%
10 Years	8.76%	9.77%	11.03%	12.68%	13.25%
15 Years	8.83%	9.84%	11.12%	12.78%	13.36%
20 years	9.01%	10.04%	11.35%	13.04%	13.63%
Individuals	HNI	Pre- Tax
	Coupon	10.30%	20.60%	30.90%	33.90%
10 Years	8.51%	9.49%	10.72%	12.32%	12.87%
15 Years	8.58%	9.57%	10.81%	12.42%	12.98%
20 years	8.76%	9.77%	11.03%	12.68%	13.25%
Firms / Corporates		Pre- Tax
	Coupon	20.01%	30.90%	32.40%	33.90%
10 Years	8.51%	10.64%	12.32%	12.59%	12.87%
15 Years	8.58%	10.73%	12.42%	12.69%	12.98%
20 years	8.76%	10.95%	12.68%	12.96%	13.25%

Warm Regards,

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