Bond Housing & Urban Development Inc. 8.58% ( INE031A07972 ) in INR

Issuer	Housing & Urban Development Inc.
Market price	100 % ⇌
Country	India
ISIN code	INE031A07972 ( in INR )
Interest rate	8.58% per year ( payment 1 time a year)
Maturity	13/01/2029
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Minimal amount	1 000 INR
Total amount	1 273 843 000 INR
Next Coupon	13/01/2026 ( In 121 days )
Detailed description	The Housing & Urban Development Corporation (HUDCO) is an Indian government-owned financial institution that provides financial assistance for housing and urban development projects. Investors are currently evaluating a significant fixed-income opportunity issued by the Housing & Urban Development Corporation (HUDCO), a prominent public sector undertaking in India. The issuer, Housing & Urban Development Corporation Limited, is a government-owned enterprise established in 1970 under the Ministry of Housing and Urban Affairs, Government of India. HUDCO's fundamental mandate is to serve as a pivotal financial institution providing long-term finance for housing and urban infrastructure development projects across the nation, playing a crucial role in supporting affordable housing initiatives, slum improvement, and urban planning. This specific bond, identified by the ISIN code INE031A07972, is denominated in Indian Rupees (INR) and offers an attractive annual interest rate of 8.58%. With a total issue size of INR 1,273,843,000, the instrument currently trades at 100% of its par value on the market. It features a minimum purchase size of INR 1,000, making it accessible to a wide array of investors. The bond has a defined maturity date of January 13, 2029, and its interest payments are structured to occur annually, providing a consistent income stream for bondholders.