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Monday, January 7, 2013

HUDCO Tax Free Bond Issue Dt 9 Jan 2013



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
 January 09, 2013
Issue Closes
 January 21, 2013
Issuer
Housing & Development  Corporation Limited (HUDCO)
Issue Size
Public Issue of Rs. 750 crores with right to retain oversubscription upto the Shelf Limit (i.e. upto Rs 5,000 crores)
Mimnimum Application Size
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
Listing
NSE
Rating
 “CARE AA+” by CARE, “IND AA+” by IRRPL
Coupon Rates for Category-I, II, III & IV Applicants (% p.a)
7.34%
7.51%
Additional Coupon Rates for Category-IV Applicants (% p.a.)**
0.50%
0.50%
Aggregate Coupon Rates for Category-IV Applicants (% p.a.)**
7.84%
8.01%
Interest payment date 
Payble annually from, and including, the Deemed date  of allotment
Tenor
10 years
15 years
Face Value per Bond
Rs. 1,000/-
Frequency of Interest payment
Annual
Annual
Registrar
Karvy Computershare Private Limited
Mode of allotment
In dematerialised form as well as in physical form, at the option of Applicants.

*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):
  1. Self attested copy of Pan Card,
  2. Self attested copy of residence valid proof,
  3. 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.
Download  :

  1. HUDCO Tax Free Bond Banking Matrix
  2. HUDCO Tax Free Bond - Document required
  3. HUDCO Tax Free Bond - Tranche Prospectus
  4. HUDCO Tax Free Bond - FAQ
  5. 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


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2 comments:

Anonymous said...

can you please publish the listing details for this issue. Script code,etc would help. How do find a quote for this issue?

Rajendra Todkar on March 11, 2013 at 2:58 PM said...

Hello Anonymous,

You can find out All details in single page, Product Note, Allotment, Listing
Check this link
http://puneinvest.com/topics/tax-free-bonds/

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