Housing And Urban Development Corporation Limited

About Housing And Urban Development Corporation Limited bond with ISIN: INE031A07972

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE031A07972, represents a significant financial instrument. Issued by HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED, it comes with the following description: " 8.58% (FOR CATEGORY I, II & III i.e.NON-RIIs) SECURED NON-CONVERTIBLE TAX FREE BONDS. TRANCHE II. SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY 13/01/2029". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED, classified as Public Sector Undertaking (PSU), plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) L74899DL1970GOI005276 further bolster its credibility. With a coupon rate of 8.58% FOR CATEGORY I, II AND III, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of SBICAP TRUSTEE COMPANY LIMITED, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 127.3843. It was allotted on 1/13/2014 and is scheduled for redemption on 1/13/2029. Categorized under "N/A" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AAA as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of AAA is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: BONDS ISSUED IN THE NATURE OF DEBENTURES SECURED BY A FLOATING FIRST PARI-PASSU CHARGE ON PRESENT AND FUTURE RECEIVABLES OF OUR COMPANY TO THE EXTENT OF THE AMOUNT MOBILIZED UNDER THE ISSUE HUDCO RESERVES THE RIGHT TO CREATE FIRST PARI PASSU CHARGE ON PRESENT AND FUTURE RECEIVABLES FOR ITS PRESENT AND FUTURE FINANCIAL REQUIREMENTS – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, INDIA RATING AND RESEARCH PVT. LTD_26-04-2024, CARE Ratings Limited_02-05-2024, CARE Ratings Limited_05-10-2023, CARE Ratings Limited_05-10-2023, CARE Ratings Limited_05-10-2023, CARE Ratings Limited_05-10-2023, CARE Ratings Limited_11-04-2023, CARE Ratings Limited_28-09-2022, CARE Ratings Limited_05-09-2022, INDIA RATING AND RESEARCH PVT. LTD_12-05-2023, INDIA RATING AND RESEARCH PVT. LTD_27-04-2023, INDIA RATING AND RESEARCH PVT. LTD_27-04-2023, INDIA RATING AND RESEARCH PVT. LTD_31-10-2022, INDIA RATING AND RESEARCH PVT. LTD_22-04-2022, INDIA RATING AND RESEARCH PVT. LTD_03-09-2021, INDIA RATING AND RESEARCH PVT. LTD_30-06-2021, INDIA RATING AND RESEARCH PVT. LTD_24-12-2020, INDIA RATING AND RESEARCH PVT. LTD_03-04-2020, INDIA RATING AND RESEARCH PVT. LTD_05-07-2019, INDIA RATING AND RESEARCH PVT. LTD_02-07-2018, INDIA RATING AND RESEARCH PVT. LTD_12-05-2017, INDIA RATING AND RESEARCH PVT. LTD_10-05-2016, INDIA RATING AND RESEARCH PVT. LTD_22-07-2015, INDIA RATING AND RESEARCH PVT. LTD_09-10-2014. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE031A07980 having a coupon rate of 8.76% FOR CATEGORY I, II AND III and the bond with ISIN INE031A07AH9 having a coupon rate of 8.96% (REFER REMARKS) and the bond with ISIN INE031A09AW4 having a coupon rate of N/A and the bond with ISIN INE031A09AS2 having a coupon rate of N/A. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.