Instrument Description (Long): |
7.29% (FOR CATEGORY IV) SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE II. SERIES 1B. LETTER OF ALLOTMENT. DATE OF MATURITY 15/03/2026 |
Instrument Description(short): |
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED TRNCHIISR-1B7.29BD15MR26FVRS1000LOAUPTO12MY16 |
ISIN: |
INE031A07AS6 |
|
Type of Instrument: |
Bonds |
|
Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
|
Coupon Basis: |
Fixed Interest |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
|
Coupon Rate: |
7.29% |
|
|
|
Details of Variable Coupon Rate: |
N.A. |
Seniority in Repayment: |
Senior |
|
Day Count Convention: |
Actual/actual |
Whether tax free: |
Yes |
|
Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961: |
Under Section 10(15)(iv)(h) |
|
Issue price (per instrument): |
1000 |
|
|
Issue Size (in Crores): |
105.354 |
Series (if any): |
TRANCHE II SERIES 1B |
|
Total Allotment Quantity: |
0 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
|
Date of Allotment: |
15-Mar-2016 |
|
|
Tenure of the instrument at the time of Issuance: |
Year
:
10
Months
:
0
Days
:
0
|
|
|
Frequency of Interest Payment with specified dates: |
ANNUAL 15 DEC EVERY YEAR STARTING 15-DEC-16 TILL 15-DEC-25 AND ON 15-MAR-26 |
Scheduled Opening Date: |
02-Mar-2016 |
|
Put Option with specified dates: |
|
Scheduled Closing Date: |
10-Mar-2016 |
|
Call Option with specified dates: |
|
Actual Closing Date: |
03-Mar-2016 |
|
Redemption Date/Last Conversion Date: |
15-Mar-2026 |
|
|
|
Defaulted in Redemption: |
Not Applicable |
|
|
|
If guaranteed, provide complete details regarding the Guarantee: |
N.A. |
|
Redemption Premium Details: |
N.A. |
Step up / Step down coupon basis: |
|
|
Step up / Step down details: |
N.A. |
Indicate whether Put option will be exercised at Discount/Premium/Par: |
|
|
Put option details: |
N.A. |
Indicate whether Call option will be exercised at Discount/Premium/Par: |
|
|
Call option details: |
N.A. |
Whether Debentures/Bonds are perpetual in nature: |
No |
|
Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
|
Convertibility details: |
N.A. |
Type of Convertibility - B: |
|
|
Coupon Type: |
Simple |
Compounding Frequency Details: |
N.A. |
|
If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
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 THE INTEREST THEREON. HOWEVER HUDCO RESERVES THE RIGHT TO SELL OF THERWISE 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 ..CONTACT ISSUER FOR FURTHER DETAILS. |