FREE Account Opening + No Clearing Fees
Loading...

Feedback Message Board



1 Comments

1. Dilip Davda   I Like It. |Report Abuse|  Link|January 21, 2016 4:52:58 PMReply
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