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 marcom@elitewealth.in or you can call us 011-40000919/09650901058
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