IRFC & HUDCO Tax Free Bonds

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IRFC & HUDCO are coming up with their public issue of Tax Free Bond, please find the details.

Terms of the issue  

Particulars	IRFC TAX FREE BONDS					HUDCO TAX FREE BONDS
Issue Size	Rs. 3000 with an option to retain over subscription upto Rs. 6300 Crores					Rs. 2000 with an option to retain over subscription upto Rs. 4684.72
Rating	“AAA” by CRISIL , CARE & ICRA					AA+ by CARE & Fitch (Ind)
Minimum Application	Rs. 10000 in multiples of Rs.5000					Rs. 10000 in multiples of Rs.1000
Tenure (in Years)	10		15			10		15
Category I & II ( QIB, HNI & Corp)	8.00% p.a.		8.10% p.a.			8.10% p.a.		8.20% p.a.
Category III (Retail)	8.15% p.a.		8.30% p.a.			8.22% p.a.		8.35% p.a.
Face Value of Bond	Rs.1000
Listing	Proposed to be listed both in NSE & BSE
Interest on application	8 % p.a.
Interest on refund	4 % p.a.