Hudco Tax Free Bond Issue- Tranche 3 -8.98% -Feb 2014

Housing Development Corporation (HUDCO- Tranche 3) launched public Issue of Tax Free Bond Issue open for subscription on 28 Feb 2014 & close on 19 Mar 2014 with an early closure option . Issue of Rs. 75 Cr. with an option to retain over subscription upto Rs. 285.80 Cr

 NRI can  Apply this Issue   

Product Note

Issue Highlight –Tranche 3
IssuerHUDCO Tax Free Bond - Tranche III
Type of InstrumentSecured, Redeemable, NCD
Issue Open28 Feb 2014
Issue Close19 Mar 2014 ***
Issue Size75 Cr with an option to retain oversubscription upto 285.8087 Cr
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter
Interest Annual
Mode of AllotmentD'mat & Physical Form
RatingAAA
ListingBSE & NSE
Interest on Application Money5%
Security CoverAt least 100% of the outstanding Bonds at any Point of time

Issue Structure – Interest Rate

10 Years15 Years20 Years
For Category I,II, III
Coupon Rate %8.29%8.73%8.71%
Category IV ( Retails)
Coupon Rate %8.54%8.98%8.96%

Cheque Details-  

Retail Investor           :  ” HUDCO  Tax Free Bonds 2013-14 – Escrow Account – R

NRI on Repartition Basis    :

                     “HUDCO Tax Free Bonds 2013-14 – Escrow Account – NR Repat “

NRI on Non Repartition Basis    : 

                         “  HUDCO Tax Free Bonds 2013-14 – Escrow Account – NR Non-Repat 

 Note :   Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)

 

About Issue

About the Issuer

HUDCO  is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activities in India. HUDCO was incorporated on April 25, 1970 under company Act 1956.  HUDCO  is a techno-financial institution engaged in financing and promotion of housing finance and urban infrastructure project throughout India.

The cardinal objective of HUDCO is to undertake housing & urban infrastructure development programs in the country provide long-term finance for construction of houses for residential purposes in urban & rural areas & finance or undertake, the setting up of the new or satellite towns and industrial enterprise for building material. Business is broadly classified into following two platforms: Housing Finance and Urban Infrastructure Finance.

Share Holding pattern : 99.99% by President of India & rest of public share holding

Business is broadly classified into following two business platforms:

  • Housing finance, wherein the beneficiaries of our financing include State Govt. agencies and borrowers belonging to all section of the society in urban and rural areas.
  • Urban Infrastructure Finance, wherein the beneficiaries of our financing include projects relating to social infrastructure and area development, water supply, sewerage  and drainage, roads and transports, power, emerging sector, commercial infrastructure and others.

 Benefit to Investor

  • The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act. ( Tax Free Bond Interest  not part of Total Income)
  • No deduction of TDS from the interest
  • No upper limit on investment amount
  • No lock in period for the Bonds
  • The Bonds shall be listed and can be traded on BSE
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

Subscription

HUDCO Base Issue Size 75 Cr.  With an option to retain over subscription upto Rs. 285.80 Cr. 
Cat ICat IICat IIICat IVTotal
Cat ICat IICat IIICat IVTotal
Issue Size28.5828.5857.76171.48286.40
IssueClosed
13 MarSubscribe0.0527.1026.76224.59278.51
No of times0.000.950.461.310.97
Unsubscribe-----
12 MarSubscribe0.0526.5323.10210.92260.61
No of times00.930.401.230.91
Unsubscribe28.532.0534.66-39.4425.79
11 MarSubscribe-23.3821.60199.73244.71
No of times-0.820.371.160.85
Unsubscribe28.585.2036.16-28.2541.69
10 MarSubscribe-23.1320.60190.57234.30
No of times-0.810.361.110.82
Unsubscribe28.585.4537.16-19.0952.01
7 MarSubscribe-10.4717.30172.00199.77
No of times-0.370.301.000.70
Unsubscribe28.5818.1139.89-86.04
6 MarSubscribe-7.1816.30157.06180.54
NO of times-0.250.280.920.63
Unsubscribe28.5821.4041.4614.42105.86
5 MarSubscribe-6.4914.50139.76160.75
No of times-0.230.250.810.56
Unsubscribe28.5822.0943.2631.72125.65
4 MarSubscribe-4.1413.03117.87135.04
No of times-0.140.230.690.47
Unsubscribe28.5824.4444.7353.61151.36
3 MarSubscribe-2.9611.4795.55109.98
No of times-0.100.200.560.38
Unsubscribe28.5825.6246.2975.93176.42
28 FebSubscribe-2.726.2053.8262.74
No of of times-0.100.110.310.22
Unsubscribe28.5825.8651.56117.66223.66

Listing

Allotment Listing Details  Hudco Tax Free Bond Tranche 3  chart with ISIN No BSE/NSE Code

Tax Free BondHUDCO - Tranche III
Issue Open28 Feb 2014
Issue Close 13 Mar 2014
Issue RegistrarKarvy Computershare Private Ltd
Listing ExchangeBSE
Allotment Date24 Mar 2014
Listing Date28 Mar 2014
Interest Payment Date1 Dec Every Year
Face Value1000
Circular Ref. NoBSE -20140327-2

Series1 A2 A3 A1 B2 B3 B
Coupon8.29%8.73%8.71%8.54%8.98%8.96%
Period10 yr15 yr20 yr10 yr15 yr20 yr
ISIN NoINE 031A07AC0INE 031A07AD8INE 031A07AE6INE 031A07AF3INE 031A07AG1INE 031A07AH9
BSE Script 961855961857961859961861961863961865
Script ID829HUDCO24873HUDCO29871HUDCO34854HUDCO24898HUDCO29898HUDCO34
Maturity24/03/202424/03/202924/03/203424/03/202424/03/202924/03/2034
Maturity Amt100010001000100010001000

 

Application Form & Investment Call : Rajendra 800 775 0904

rajendra@puneinvest.com

Mobile 800 775 0904

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