2013-09-13 14:47:05 - Housing and Urban Development Corporation (HUDCO) launched its public issue of tax- free bonds from which you can get Interest Free Income up to Rs. 87600/- P.A With HUDCO Tax Free Bonds.
Face value & Issue price of each bond is Rs 1,000. The bonds will be listed on the BSE. You can invest with a minimum application of Rs. 5000 & In Multiples of Rs. 1000 for further.
HUDCO has launched its tax-free bond with a Issue Size - Rs. 750 cr (Base Issue Size) with option to retain oversubscription upto the shelf limit (being Rs. 4809.20 cr)
The coupon rate for qualified institutional buyers (QIB), corporate, high-net worth individuals has been fixed at 8.14 % per annum for 10 years, 8.51% per annum for 15 years and 8.49 % per annum for 20 years.
For Retail Investor – 8.39% per annum for 10 years, 8.76% per annum for 15 years and 8.74%
per annum for 20 years.
Foreign institutional investors and Non-resident Indians can also invest in the tax free bond issue.
HUDCO NCDs are not subjected to TDS. HUDCO NCDs are safer than other investments. HUDCO NCDs are in both physical and demat forms. You can avail Tax free bonds from Elite Wealth Advisors Ltd.
For more information you can mail us at email@example.com
or you can call us 011-40000919/09650901058