7.39%(7.64% For Retail) Housing And Urban Development Corporation Limited (Tax Free) 08 Feb 2031
ISIN:
INE031A07AO5
Tax Free
Tax Category
08 Feb, 2031
Maturity Date
(6 Yr 6 Mo 11 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
08 Feb, 2016
Allotment Date
NA
Put Date
08 Feb, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Housing And Urban Development Corporation Limited
HUDCO, incorporated in 1970, is a listed Miniratna public sector enterprise under the Ministry of Housing and Urban Affairs, GoI. It is a public financial institution and primarily finances social housing and Urban Infrastructure projects. Over the past seven years, HUDCO has been taking incremental exposures exclusively to state governments and public-sector agencies.
The ratio in FY23 is 9.24x and it was 8.93x in FY22, even though there is decrease in finance cost but due to increase in borrowings of the issuer ,there is increase in the debt of level in FY23.
Debt/EBITDA
The ratio in FY23 is 1.51x and it was 1.52x in FY22, indicating slight decrease in debt servicing ability of the issuer due to decrease in the profitability in FY 23.
Interest coverage ratio
Recent News
After Japan, Hudco looks to tap Singapore, Taiwan for funds
Apr 10, 2024 | Housing And Urban Development Corporation Limited
HUDCO To Focus More On Financing Infrastructure Projects Across States, Says Chairman
Apr 10, 2024 | Housing And Urban Development Corporation Limited
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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