The issue will open for subscription on December 2, 2013 and is scheduled to close on January 10, 2014. The bonds are proposed to be listed on the BSE.
HUDCO is a public sector company, under the Ministry of Housing & Urban Poverty Alleviation (MoHUPA). It has been a key partner with the government n building assets for the nation.
Coupon rate of 8.51%, 8.58% and 8.76% payable annually for 10 years (Series 1A), 15 years (Series 2A) and 20 years (Series 3A), respectively for Qualified Institutional buyers (QIBs), Corporates and High Networth Individuals (HNIs) applying for bonds more than Rs. 10,00,000.
Coupon rate of 8.76% , 8.83% and 9.01% payable annually for 10 years (Series 1B), 15 years (Series 2B) and 20 years (Series 3B), respectively for Retail Individual Investors (RII) applying for bonds upto Rs. 10,00,000.
Minimum application size - 5 bonds of Rs 1,000 each, in multiples of 1 bond of Rs 1,000 each thereafter.
CARE has given credit rating of 'CARE AA+' while IRRPL has given 'IND AA+'.
The lead managers to the issue are Axis Capital Limited, Edelweiss Financial Services Limited, HDFC Bank Limited, Karvy Investor Services Limited and RR Investors Capital Services Private Limited. The debenture trustee for the bondholders is SBICAP Trustee Company Limited.
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