8.37% Housing And Urban Development Corporation Limited - AAA Rated (INE031A08707)

Housing And Urban Development Corporation Limited, a Financial Institution company, has floated Bond, having ISIN value as INE031A08707, with a face value of ₹10,00,000 rs on 25Mar19 to raise 5000 crores. The debt instrument is issued with a coupon rate of 8.37% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 8.37% GOI FULLY SERVICED UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. SERIES -VI 2018. DATE OF MATURITY : 25/03/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 27Mar19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 11Mar19. 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.