Hudco Tranche 2

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Features

The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible debentures and the interest on the Bonds will not form part of the total income as per provisions u/s. 10 (15) (iv) (h) of I.T. Act, 1961

THE ALLOTMENT SHALL BE ON FIRST CUM FIRST SERVE BASIS for All Categories of Investors.

The Bonds proposed to be issued will be secured by a first pari passu charge on present and future receivables of our Company to the extent of the amount mobilized under the Issue and interest thereon.

There Company reserves the right to sell or otherwise deal with the receivables, both present and future, including without limitation to create a first/ second charge on pari-passu basis thereon for its present and future financial requirements, without requiring the consent of, or intimation to, the Bondholders or the Debenture Trustee in this connection, provided that a minimum security cover of 1 (one) time is maintained.

The Bonds bear an attractive coupon rate of 7.29% p.a. for 10 Years and 7.69% p.a. for 15 Years for Retail Investors (i.e. Category –IV) investing upto ` 10 Lakh. The Coupon rates applicable for Category I, II & III (i.e. QIBs, Corporates and High Networth Individuals) are 7.04% p.a. for 10 Years and 7.39% p.a. for 15 Years.

HUDCO shall pay interest on application money on the amount allotted to the applicants other than ASBA applicants, at the applicable coupon rate subject to deduction of TDS.

Interest on refund of application amount @ 5% p.a. on the monies liable to be refunded to the applicants other than invalid applications or application liable to be rejected,

Application Amounts received after the closure of the Issue and ASBA applicants subject to deduction of TDS.

Issuance will be in DEMAT as well as PHYSICAL form. The bonds will be listed on BSE facilitating trading of these bonds.

Investors can pledge or hypothecate these bonds to avail loans.
Repayment of the face value plus any interest that may have accrued at the Redemption Date.



Housing & Urban Development Corporation Limited Tranche 2 guide





Address:-
Housing & Urban Development Corporation Limited
Core-7-A,
India Habitat Centre, Lodhi Road,
New Delhi - 110 003

Phone:-
011-24649610-23

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