Housing And Urban Development Corporation Limited - AAA Rated (INE031A07956)

Housing And Urban Development Corporation Limited, a Financial Institution company, has floated Bond, having ISIN value as INE031A07956, with a face value of ₹1,000 rs on 25Oct13 to raise 88.8458 crores. The debt instrument is issued with a coupon rate of 8.74% p.a. FOR CATEGORY IV i.e. RIIs and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Unsecured Bond is 8.74% FOR CATEGORY IV i.e. RIIs (IF ON RECORD DATE BONDS HELD BY RII ELSE 8.49%) SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE I. SERIES 3B. LETTER OF ALLOTMENT. DATE OF MATURITY 25/10/2033. This instrument is issued in Bonus mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 29Oct13. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 09Oct14. This issuer is formerly known as HOUSING AND URBAN DEVELOPMENT FINANCE CORPORATION PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.