Housing And Urban Development Corporation Limited - AAA Rated (INE031A07840)

Housing And Urban Development Corporation Limited, a Financial Institution company, has floated Bond, having ISIN value as INE031A07840, with a face value of ₹1,000 rs on 07Mar12 to raise 2518.3047 crores. The debt instrument is issued with a coupon rate of 8.20%p.a.for Category I & II,8.35% p.a.for cat-III 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 8.20% p.a. for category I & II and 8.35% p.a. for category III Tax free bonds in the nature of Secured Non Convertible Debentures.Letter of allotment.Tranch 1, Series- 2 Date Maturity: 05/03/2027. This instrument is issued in Bonus mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 20Mar12 & on BSE stock exchange on 20Mar12. 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.