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Housing and Urban Development Corporation (HUDCO) Tax free Bond

Discussion in 'Mutual funds and Exchange Traded Funds' started by real_buzz, Sep 18, 2013.

  1. real_buzz Moderator

    Housing and Urban Development Corporation (HUDCO) Tax free Bond
    Housing & Urban Development Corporation Ltd. (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 the Companies 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 & rural areas and 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 & Urban Infrastructure Finance.

    Issue Highlights:
    Issue Opens- Tuesday, September 17, 2013
    Issue Closes- Monday, October 14, 2013
    Issue Price- Rs. 1000/- per Bond
    Minimum Application- 5 Bonds ([IMG] 5,000) across all Series of Bonds
    Coupon Rate- 8.39% p.a. for 10 years for Retail
    8.76% p.a. for 15 years for Retail
    8.74% p.a. for 20 years for Retail

    Credit Ratings- AA+ rated (stable outlook) by CARE, India Ratings
    Risk Profile- Low Risk
    Product Type- Tax Free Bond
    Rating- AA+
    Recommendation- Retail Option
    10 Year- 8.39% (retail)
    15 Year- 8.76 %

    20 year – 8.74%

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