Housing & Development Corporation (HUDCO) tax free bond issue to raised 4809 Cr. will open for subscription on September 17, 2013 till October 14 2013. The core issue size will be 750 Cr with an option to retain of up to Rs. 4809.20 Cr.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight -Tranche 1
| Issuer | Housing & Development Corporation ( HUDCO) Tranche-1 |
|---|---|
| Type of Instrument | Secured, Redeemable, NCD |
| Issue Open | 17 Sep., 2013 |
| Issue Close | 14 Oct., 2013 (with option of early closure or extension) |
| Issue Size | 750 Cr. with an option to retain oversubscription of 4809. Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 5 Bonds (Rs.5000) & multiply of 1 Bond thereafter (across all series bonds) |
| Interest | Annually |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | CARE AA+ by CARE , AA+ by IRRPL (Fitch) |
| Listing | NSE/BSE |
Issue Structure –
| Options | Series 1 | Series 2 | Series 3 |
|---|---|---|---|
| Tenor | 10 years | 15 years | 20 years |
| Coupon Rate % | |||
| Category - I, II, III | 8.14% | 8.51% | 8.49% |
| Category - IV (Retail) | 8.39% | 8.76% | 8.74% |
Cheque Details-
Retail Investor : ” HUDCO Tax Free Bond 2013-14 – Escrow Account – R “
NRI Investor
Repatriation basis : “ HUDCO Tax Free Bond 2013-14 – Escrow Account – NR – Repat “
Non Repatriation basis: ” HUDCO Tax Free Bond 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)
Bankers : Axis Bank, Kotak Bank , HDFC Bank, IDBI Bank, ICICI Bank, IndusInd Bank , SBI , Union Bank , PNB, Yes Bank [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]About the Issuer
HUDCO is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activity in India. HUDCO was incorporated on April 25, 1970 under company Act 1956.
The cardinal objective of HUDCO is to undertake housing and urban infrastructure development programs in the country provide long-term finance for construction of houses for residential purposes in urban and rural areas and finance of 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 & Urban Infrastructure finance.
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.
- No TDS
- Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.
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[wptabtitle] How to Apply[/wptabtitle] [wptabcontent]
Brokerage Structure for Issue
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[wptabtitle]Listing[/wptabtitle] [wptabcontent]
Listing Date :
Allotment Date :
HUDCO Tax Free Bond Tranche I – Allotment Details :
| Tax Free Bond | HUDCO Tax Free Bond Tranche I |
|---|---|
| Issue Open | 17 SEP 2013 |
| Issue Close | 14 OCT 2013 |
| Issue Registrar | Karvy Computershare |
| Listing Exchange | BSE |
| Allotment Date | 25 OCT 2013 |
| Listing Date | 29 OCT 2013 |
| Interest Payment Date | 25 Oct Every Year |
| Face Value | 1000 |
| Circular Ref. No | BSE-20140123-12 |
| Series | 1 A | 2 A | 3 A | 1 B | 2 B | 3 B |
|---|---|---|---|---|---|---|
| Coupon | 8.14% | 8.51% | 8.49% | 8.39% | 8.76% | 8.74% |
| Period | 10 yr | 15 yr | 20 yr | 10 yr | 15 yr | 20 yr |
| ISIN No | INE 031A07907 | INE 031A07915 | INE 031A07923 | INE 031A07931 | INE 031A07949 | INE 031A07956 |
| BSE Script | 961781 | 961782 | 961783 | 961784 | 961785 | 961786 |
| NSE Script | ||||||
| Maturity | 25 OCT 2023 | 25 OCT 2028 | 25 OCT 2033 | 25 OCT 2023 | 25 OCT 2028 | 25 OCT 2033 |
| Maturity Amt | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
Registrar of Issue :
shortly updated
Allotment link
After issue closed updated
Trustee for Bondholders : SBICap Trustee Company Ltd
Depositories : NSDL & CDSL
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Application Form & Investment Call : Rajendra 7719917444
rajendra@puneinvest.com
Mobile 7719917444
can u please let us know the following
Collection of application forms from which bank ( is it available at all branches of authorized banks)
Documents required to be submitted
payment mode
How will we receive the confirmation of acceptance of form