We take immense pleasure in informing that you can now apply for the Housing and Urban Development Corporation Limited (HUDCO Tax Free Bonds) Trache - 1 . The issue is opening on 09th January 2013.
Rate/Date
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1
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Rate of Interest for 10 Years Tenure
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7.84% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 7.34% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
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2
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Rate of Interest for 15 Years Tenure
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8.01% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 7.51% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
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3
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Credit Rating
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“CARE AA+ by CARE Limited”
“ IND AA+ by IRRPL”
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4
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Date of Opening of Issue
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09th January 2013
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5
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Date of Closing of Issue
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22nd January 2013
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6
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Trading
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Proposed NSE Ltd.(‘’NSE’’)
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7
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Lock in period
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Nil
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8
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Minimum Application Size
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Rs 5000 (5 Bonds) and in multiple of Rs. 1000
(1 bonds) thereafter
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9
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Basis of Allotment
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First-come First-serve basis
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Please note that these bonds are not eligible for deduction u/s 80CCF of Income Tax Act.
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