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Instrument Details

ISIN: INE031A07972

Face value

₹1,000

Coupon rate

Variable Coupon

Payment

Annually

Tax Type

Tax-Free

Issue Size (Cr)

127.3843

Instrument Type

Bond

Returns

Linked to Markets

Date of Issue

13 Jan 2014

Maturity Date

13 Jan 2029

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

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SR2ATRCHII8.58 BD13JN29 FVRS1000 LOAUPTO3AP14
Housing And Urban Development Corporation Limited, a Financial Institution company, has floated Bond, having ISIN value as INE031A07972, with a face value of ₹1,000 rs on 13Jan14 to raise 127.3843 crores. The debt instrument is issued with a coupon rate of 8.58% FOR CATEGORY I, II AND 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 Secured Bond is 8.58% (FOR CATEGORY I, II & III i.e.NON-RIIs) SECURED NON-CONVERTIBLE TAX FREE BONDS. TRANCHE II. SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY 13/01/2029. 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 17Jan14. 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.

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

Summary

Instrument Attributes

Value

Coupon Rate

Variable Coupon

Returns

Linked to Markets

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 INE031A07972 issued by Housing And Urban Development Corporation Limited

The instrument name of INE031A07972 ISIN is HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SR2ATRCHII8.58 BD13JN29 FVRS1000 LOAUPTO3AP14.
The interest earned from INE031A07972 bond issued by Housing And Urban Development Corporation Limited is paid Annually, ensuring regular and consistent income for investors.
This INE031A07972 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.
The coupon rate of INE031A07972 bond issued by Housing And Urban Development Corporation Limited is 8.58% FOR CATEGORY I, II AND III.
The INE031A07972 Bond is issued by Housing And Urban Development Corporation Limited, a PSU company.
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