Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Wednesday, January 25, 2012


HUDCO is coming up with a Tax-Free Bond Issue, which would open for subscription from Friday, January 27, 2012


Issue Size and Credit Ratings:
The issue size of the bond issue would be Rs. 4,684.72 crores and the issue has been rated by CARE and Fitch. Fitch Ratings has given a rating of Fitch AA+ and CARE AA+ by CARE, which is one notch below the maximum rating

Face Value and Minimum Investment
The Face Value of each bond would be Rs.1,000/- and the minimum investment would be Rs.10,000/- and in multiples of Rs.1,000/- thereafter. The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under Section 10 (15) of IT Act. Moreover, there will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors

Interest Rate and options available:
Particulars Series I Series II
Payment Annual Annual
Face Value Rs. 1,000 Rs. 1,000
Period 10 years 15 years
Interest Rate: Retail Inv 8.22% 8.35%
Interest Rate: Others 8.10% 8.20%

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers