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Housing & Urban Development Corporation Ltd NCD (HUDCO NCD Jan 2016) Detail

Jan 27, 2016 - Feb 10, 2016
Housing & Urban Development Corporation Ltd Logo

Housing & Urban Development Corporation Ltd. (HUDCO) is a techno-financial institution engaged in the financing and promotion of housing and urban infrastructure projects throughout India. Hudco has a pan-India presence through wide network of zonal, regional and development offices and occupies a key position in the GoI's growth plans and implementation of its policies for the housing and urban infrastructure sector.

The Housing and Urban Development Corporation Ltd. (HUDCO) was incorporated on April 25, 1970 under the Companies Act 1956, as a fully owned enterprise of the Government of India. HUDCO was aimed at accelerating the pace of construction and elimination of housing shortages and for orderly development of urban centres.

Major Objective of HUDCO are:

1. To provide long term finance for construction of houses for residential purposes or finance or undertake housing and urban development programmes in the country.

2. To finance or undertake, wholly or partly, the setting up of new or satellite town.

3. To subscribe to the debentures and bonds to be issued by the State Housing (and or Urban Development) Boards, Improvement Trusts, Development Authorities etc., specifically for the purpose of financing housing and urban development programmes.

4. To finance or undertake the setting up of industrial enterprises of building material.

5. To administer the moneys received, from time to time, from the Government of India and other sources as grants or otherwise for the purposes of financing or undertaking housing and urban development programmes in the country.

5. To promote, establish, assist, collaborate and provide consultancy services for the projects of designing and planning of works relating to Housing and Urban Development programmes in India and abroad.

HUDCO NCD Jan 2016 Detail

Issue Open Jan 27, 2016 - Feb 10, 2016
Security Name Housing & Urban Development Corporation Ltd
Security Type
Issue Size (Base) Rs 500.00 Crores
Issue Size (Shelf) Rs [.] Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 5 NCD
Market Lot 5 NCD
Listing At BSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

Objects of the Issue

The funds proposed to be raised through the Issue shall be utilized towards:

1. Mobilize funds for its financing activities;
2. Statutory payments;
3. Establishment and administrative expenses;
4. Other working capital requirements of the Company ; and
5. Any other purposes and end-uses as may be allowed by RBI from time to time regulations/guidelines/clarifications issued by RBI.

Ratings

These bonds are rated 'CARE AAA' by CARE and 'IND AAA' by IRRPL indicating highest degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Offerings

This tax free NCDs are bearing coupon rates of 7.02% and 7.39% for 10 yrs and 15 yrs respectively for other then retail category and 7.27% and 7.64% for 10 yrs and 15 yrs for retail category.

Useful Links

HUDCO NCD Jan 2016 Prospectus

HUDCO NCD Jan 2016 Rating

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HUDCO NCD Jan 2016 Reviews

Company Contact Information

Housing & Urban Development Corporation Ltd
HUDCO Bhawan, Core - 7A,
India Habitat Centre,
Lodhi Road, New Delhi, 110003

Phone: +91 11 2464 9610
Email: taxfreebonds@hudco.org
Website: http://www.hudco.org

HUDCO NCD Jan 2016 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email:
Website: https://karisma.kfintech.com/


12 Comments

12. Share View     Link|Sep 1, 2016 8:35:49 PM
date ?
11. Dinesh Analyst     Link|Jul 28, 2016 9:52:02 PM
Dear can u Share your mobile no I want to talk to u regarding NCD issue
10. RS     Link|Jul 26, 2016 5:42:13 AM
DHFL NCDs IPO : Apply in quantities to get decent capital appreciation and take advantage of falling interest rates 👍✌
9. Dilip kothari     Link|Jul 20, 2016 1:32:21 PM
Any idea about forthcoming IPOs of ncd of dhfl
8. BADAYA     Link|Jun 26, 2016 9:19:58 PM
how to apply in bonds
can someone tell
7. buzzz me     Link|Feb 8, 2016 3:55:52 PM
I got refund today.
Applied 150, got 75.

6. ashish furia     Link|Feb 3, 2016 8:04:16 AM
What is the retail subscription figures for hudco tax free bonds 2016
5. Forum Modulator     Link|Jan 21, 2016 6:34:04 PM
The information is corrected. Sorry abt that,
4. Dilip Davda     Link|Jan 21, 2016 5:52:58 PM
Hello, thanks for pointing out the mistake in coupon rates for Hudco TFB issue.
Actual rates and terms are as under:

HUDCO is offering secured, redeemable non-convertible debentures having a face value of Rs. 1000 each. This tax free NCDs are bearing coupon rates of 7.02% and 7.39% for 10 yrs and 15 yrs respectively for other then retail category and 7.27% and 7.64% for 10 yrs and 15 yrs for retail category. The base size of this offer is Rs. 500 crore with an option to retain over subscription up to the residual shelf limit of Rs. 1711.50 crore. Minimum application is to be made for 5 bonds and in multiple of 1 bond thereof, thereafter.

Corrections are being made ASAP

Thanks and regards

Dilip Davda
3. Deepak     Link|Jan 21, 2016 3:09:10 PM
Interest rate show in this website is completely wrong. It is only 7.27% for 10 year, retails. The data shown is miss guiding.
2. Deepak     Link|Jan 21, 2016 11:04:52 AM
issue is taxable bond not tax free
1. Deepak     Link|Jan 21, 2016 9:43:40 AM
The coupon rates mentioned here does not seem correct. If this is correct, then this issue will perhaps gets subscribed within few seconds. Kindly clarify