Day: 1 December 2013

Housing and Urban Development Corporation Limited (HUDCO) has come out with its 2nd tranche of tax free bonds of face value Rs 1000 each aggregating to Rs 500 crore with an option to retain oversubscription up to the shelf limit of Rs 2439.19 crore. The company had already raised R2,370 crore in the first tranche of tax-free bonds launched in September. Coupon rate in 2nd tranche of bonds are higher than those offered in 1st tranche.  The issue will open for subscription on December 2, 2013 and is scheduled to close on January 10, 2014. CARE has given credit rating of 'CARE AA+' while IRRPL has given 'IND AA+'. HUDCO Tax Free Bonds -  Dec 2013 (Tranche 2) Details Series 1 Series 2 Series 3 Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rat...

NTPC has come out with its public issue of tax-free secured redeemable non-convertible bonds of a face value of Rs 1,000 each in the nature of debentures having tax benefits, aggregating up to Rs 1,750 crore (Including option to retain oversubscription of Rs 750 crore). NTPC tax free bonds issue would open from 3-Dec-2013 and close on 16-Dec-2013  (it may close early).  UPDATE- 4 Dec - The issue is oversubscribed and will close on Wed 4-Dec 2013 The issue is AAA rated by CRISIL, ICRA, - highest safety rating NTPC Tax Free Bonds - Tranche 1 Details Series 1 Series 2 Series 3 Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.66% 8.73% 8.91% Effective Pre-Tax Yield (30% tax slab) 12.53% 12.63% 12.89% Effective Pre-Tax Yield (20% tax sla...