Housing and Urban Development Corporation Limited (HUDCO) has announced extension of closing date of HUDCO Tax Free bonds by 4 days. Accordingly, the bonds which were scheduled to close on February 6, 2012 will now close on February 10, 2012.
The bonds carry a coupon rate of 8.10% for Tranche-I Series 1 Bonds and 8.20% for Tranche-I Series 2 Bonds on per annum basis. Additional coupon rate of 0.12% per annum for Tranche-I Series 1 Bonds and 0.15% per annum for Tranche-I Series 2 Bonds shall be payable to the allottees under Category III which will aggregate to coupon rates of 8.22% and 8.35% respectively.
