HUDCO Tax Free Bond Tranche II Issue

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HUDCO Tax Free Bond Tranche II Issue. 

Form will be made available shortly.

Issuer	HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
Issue Size	Rs. 500 Cr with an option to retain over subscription up to Rs. 1,288.50 Crs aggregating upto Rs. 1,788.50 Cr
Issue opens	Wednesday, March 2, 2016
Issue closes	Thursday, March 10, 2016
Allotment	First Come First Serve Basis
Face Value	Rs. 1000 per Bond
Issue Price	Rs. 1000 per Bond
Nature of Instrument	Tax-free secured redeemable and non-convertible
Minimum Application	5 Bonds (Rs. 5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond (Rs. 1,000) thereafter
Listing	BSE / NSE
Rating	“CARE AAA” by CARE , “IND AAA” by IRRPL
NRI	NRI cannot apply in the Issue

SPECIFIC TERMS FOR EACH SERIES OF BONDS

Options	Option 1	Option 2
Frequency of interest payment	Annual	Annual
Tenure of Bonds	10 years	15 years
Maturity/Redemption Date	10 years from Deemed Date of Allotment	15 years from Deemed Date of Allotment
Coupon Rates for Category I, II and III#
Series of Bonds	Tranche II Series IA	Tranche II Series II A
Coupon Rate (%) p.a.	7.04%	7.39%
Annualized Yield (%) p.a.	7.04%	7.39%
Coupon Rates for Category IV#
Series of Bonds	Tranche II Series IB	Tranche II Series IIB
Coupon Rate (%) per annum	7.29%	7.69%
Annualized Yield (%) p.a.	7.29%	7.69%

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