Saving-Ideas.com

Icon

Personal Finance Blog India –

HUDCO Tax Free Bonds Tr-2 Dec 2013:


HUDCO – A Govt of India owned company engaged in housing finance has come up with an issue of tax free bonds Dec 2013.

This is second tranche issue and first tranche was issued last month.

Imp dates:

  1. Issue open date: 02-12-2013.
  2. Issue close date:10-01-2014.

Interest rates – for category IV investors applying for Rs. 10 Lakh or less amount:

Series Series 1B Series 2B Series 3B
Tenure 10 Years 15 Years 20 Years
Coupon Rates 8.76% 8.83% 9.01%

Credit rating : Credit rating of HUDCO is AA+.

Annual interest received will be free from income tax and though rating is AA+ ..being Govt company which focuses economic as well as social issues ..9.01% for a period of 20 years seems to be a good bet if any one is solely looking for annuity like income option…butĀ If any one is looking for just trading purpose or listing gains then this issue is not a great choice.

Also View: NTPC Tax Free Bonds Dec-2013.

 


Category: Fixed Income

Tagged:

Leave a Reply

Advertisement:

Categories

Categories

Blog Archives

See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

Blog Author

Blog Author

Who's Online

9 visitors online now
2 guests, 7 bots

Disclaimer

Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
9 visitors online now
2 guests, 7 bots, 0 members
Max visitors today: 12 at 12:00 am UTC
This month: 39 at 06-07-2017 08:08 am UTC
This year: 56 at 02-27-2017 10:53 am UTC
All time: 363 at 09-23-2016 05:45 am UTC
Thank You For Visiting This Blog!!!