HUDCO Bond Issue

Hi buddy I have come here to get info of HUDCO Tax Free Bonds Public Issues of this year so can you plz tell me some thing about it ??

[shikha]

Housing & Urban Development Corporation (HUDCO) is a Mini-Ratna company and it is a Government of India undertaking.

HUDCO Bond Issue info
Bonds Issue opens on : 2nd March, 2016.

Issue closes on : 10th March, 2016.

Issue size including over-subscription: Rs 1,788.50 crore (max).

Basis of Allotment : For Retail Individual Investor – 40% of the Issue Size.

Face Value : Rs 1,000 per bond.

What is the minimum application size? : 5 bonds (Rs 5,000) per individual and in
the multiple of 1 bond (Rs 1,000) thereafter.

What is the maximum application size? : The maximum amount that an
individual can apply is Rs 10 Lakh (Retail Category).

HUDCO Tax free bonds are proposed to be listed on BSE (Bombay Stock
Exchange)

Credit Rating of HUDCO Bonds : ‘CARE AAA’ from CARE and ‘IND AAA’ from
IRRPL (The bonds with such ratings are considered to have high degree of safety
regarding timely servicing of financial obligations and carry very low credit risk.)

Allotment is done based on ‘first come first serve’ basis.

HUDCO Tax Free Bonds Public Issues 2016