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Housing and Urban Development Corporation (HUDCO)
*Tranche - I Series 2B option for category IV
Issue Highlights:
| Issue Opens | Tuesday, September 17, 2013 | Minimum Application | 5 Bonds ( 5,000) across all Series of Bonds |
| Issue Closes | Monday, October 14, 2013 | 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 |
| Issue Price | Rs. 1000/- per Bond | Credit Ratings | 'CARE AA+' by CARE, India Ratings 'IND AA+' by IRRPL |
Issuer Brief:
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.
Credit rating of Issuer: AA+ rated (stable outlook) by CARE, India Ratings.
Shareholding Pattern: 99.99% by President of India & rest to public shareholders
Issue Highlights:
* Retail Option for individuals if application is for 10 lacs or less
* *Others include QIBs, Corporate and HNI's
Specific terms for each series of Bonds
| Options | Tranche - I Series 1A  |
Tranche - I Series 2A |
Tranche - I Series 3B |
| Frequency of Interest Payment | Annual | Annual | Annual |
| Minimum Application | 5 Bonds ( 5,000) across all Series of Bonds |
||
| In Multiples of | 1 Bond ( 1,000) |
1 Bond ( 1,000) |
1 Bond ( 1,000) |
| Face Value of Bonds ( / Bond) |
1,000 per Bond |
1,000 per Bond |
1,000 per Bond |
| Issue Price ( / Bond) |
1,000 per Bond |
1,000 per Bond |
1,000 per Bond |
| Interest rate (%) p.a. for Category I, II, and III | 8.14% | 8.51% | 8.49% |
| Annualized yield(%) p.a. for Category I, II and III | 8.14% | 8.51% | 8.49% |
| Interest Rate (%)per annum for Category IV | 8.39% | 8.76% | 8.74% |
| Annualized yield(%) p.a. for Category IV | 8.39% | 8.76% | 8.74% |
| Tenor | 10 Years | 15 Years | 20 Years |
| Redemption Date | 10 years from the Deemed Date of Allotment | 15 years from the Deemed Date of Allotment | 20 years from the Deemed Date of Allotment |
| Redemption Amount ( /Bond) |
Repayment of the face value along with any interest (at the applicable interest rates) that may have accrued at the Redemption Date. | ||
* The Company shall allocate and allot Tranche 1 Series 1A/ Series 1B (depending upon the category of applicants) to all valid applications, wherein the Applicants have not indicated their choice of the relevant Series of Bond.
Who Can Apply
| Categories | Reservation for Categories | Basis of allocation incase of over subscription | |
| Category I: (QIB) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category II: (Corporate) |
* With regard to Section 372A(3) of the Companies Act, 1956, kindly refer to General Circular No. 6/ 2013, dated March 14th, 2013 Ministry of Corporate Affairs, GoI clarifying that in cases where the effective yield on tax free bonds is greater than the prevailing bank rate, there shall be no violation of Section 372A(3) of the Companies Act, 1956. |
20% of Overall Issue Size | On first-come-first-serve basis |
| Category III: (HNI) |
The following investors applying for an amount aggregating to above Rs. 10 lakhs across all Series of Bonds in each Tranche - I Issue:
|
30% of Overall Issue Size | On first-come-first-serve basis |
| Category IV: (Retail) |
The following investors applying for an amount aggregating upto and including Rs. 10 lakhs across all Series of Bonds in each Tranche Issue:
|
40% of Overall Issue Size | On first-come-first-serve basis |
4 Easy Ways to Apply
Apply on Website
- Login to Edelweiss.in >> Trade
- Click on 'IPO' tab
- Click on Order IPO
- Click on Apply button next to the option for which you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use Xtreme Trader
- Login to Xtreme Trader
- Click on Weblinks on the top menu bar
- Click on 'IPO'
- Click on Order IPO
- Click on Apply button next to the option for which you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use the Mobile Trader App
- Login to Edelweiss Mobile Trader
- Tap on 'IPO' button at the bottom of the App
- Tap on the Issue you want to invest in and hit the "Apply" button
- Enter relevant details like quantity and price and hit the 'Submit' button
- Post your confirmation, order will be placed successfully
Call Customer Care to Apply
- Call up 1800-102-333-5
- Select your preferred language: Press 1 for English or 2 for Hindi
- Press 1 to confirm that you are an existing account holder
- Press 5 to apply in IPO
- Speak to the customer care executive and provide the Option you wish to apply for along with Quantity and Price.
About Edelweiss
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