Instrument Details

ISIN: INE031A07AQ0

Face value

₹1,000

Coupon rate

7.04%

Payment

Annually

Tax Type

Tax-Free

Issue Size (Cr)

48.1645

Instrument Type

Bond

Returns

Medium

Date of Issue

15 Mar 2016

Maturity Date

15 Mar 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED TRNCHIISR-1A7.04BD15MR26FVRS1000LOAUPTO12MY16
Housing And Urban Development Corporation Limited, a Financial Institution company, has floated Bond, having ISIN value as INE031A07AQ0, with a face value of ₹1,000 rs on 15Mar16 to raise 48.1645 crores. The debt instrument is issued with a coupon rate of 7.04% 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 Secured Bond is 7.04% (FOR CATEGORY I, II AND III) SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE II. SERIES 1A. LETTER OF ALLOTMENT. DATE OF MATURITY 15/03/2026. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 17Mar16. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 22Jul15. 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.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
16 May 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
15-Mar-16 : Your investment
₹7,040
15-Mar-17 : Interest
₹7,040
15-Mar-18 : Interest
₹7,040
15-Mar-19 : Interest
₹7,040
15-Mar-20 : Interest
₹7,040
15-Mar-21 : Interest
₹7,040
15-Mar-22 : Interest
₹7,040
15-Mar-23 : Interest
₹7,040
15-Mar-24 : Interest
₹7,040
15-Mar-25 : Interest
₹7,040
15-Mar-26 : Interest
₹1,70,400
15-Mar-26 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹70,400)

Summary

Instrument Attributes

Value

Coupon Rate

7.04%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Financial Institution
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE031A07AQ0 issued by Housing And Urban Development Corporation Limited

The instrument name of INE031A07AQ0 ISIN is HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED TRNCHIISR-1A7.04BD15MR26FVRS1000LOAUPTO12MY16.
The interest earned from INE031A07AQ0 bond issued by Housing And Urban Development Corporation Limited is paid Annually, ensuring regular and consistent income for investors.
This INE031A07AQ0 bond issued by Housing And Urban Development Corporation Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.04%, which determines the periodic interest payments made to bondholders.
The INE031A07AQ0 Bond is issued by Housing And Urban Development Corporation Limited, a PSU company.