Day: 16 September 2013

Housing and Urban Development Corporation (Hudco) is targeting to raise up to Rs 4810 crore through the second tranche of its public issue of tax-free bonds.The Finance Ministry has allowed Hudco to raise Rs. 5,000 crore through bonds during 2013-2014, of which Rs. 191 crore has been raised last month through private placement to institutional investors. The tax free bonds issue would open from 17-Sep-2013 and close on 14-Oct-2013 The issue size is Rs 750 crore with an option to retain oversubscription up to Rs 4810 crore CARE has given credit rating of 'CARE AA+' while IRRPL has given 'IND AA+ HUDCO Tax Free Bonds  Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.39% 8.76% 8.74% Effective Yield ...