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Housing and Urban Development Corporation Ltd's INR4.800 Billion Tax Free Bond Issue To Open September 17-Business Standard

Thursday, 12 Sep 2013 11:50pm EDT 

Business Standard reported that Housing and Urban Development Corporation Ltd's tax free bond issue to raise around INR4.800 billion will open for subscription on September 17, 2013. The core issue size will be INR7.50 billion, while the rest would be green shoe. The lender will offer coupon rate of 8.4%, 8.51% and 8.49% for bonds with tenure of 10-year, 15-year and 20-year respectively. The last day of the offering will be October 14, however, the issue can close earlier if it garners full subscription. 

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