Date 15-11-2018
Bond Issuer TAX FREE BOND

HUDCO-8.76%-25.10.28

-Bond

TAX FREE BOND

TAX FREE BOND

TAX FREE BOND
Rate of Interest on the bond   8.76%      
Face Value of Bond   1000      
Maturity Date   25-10-2028      
Interest Payment Date   25.10      
Credit Rating of the Issue   CARE AA+      
Clean Price of Bond (Rs)   1191.96      
Accrued Interst till date in (Rs)   5.04      
Total Price Payable by Buyer (Rs)   1197.00      
Current Yield %   7.35      
Qty   326.00      
Rate before Income Tax @ 30 %   10.50      
Rate before Income Tax @ 20 %   9.19      
Yield To Maturity (YTM)%   6.13%      
Formula applied for Current Yield For Example:
Current Yield= Coupon * 100/ Current Price
Current Yield= 87.1 * 100 / 1188.14 
Current Yield =7.33%
Formula applied for rate before Income Tax
(Income Tax rate assumed @30%)
For Example:
Rate Before Tax = 100 * Yield / 70 
Rate Before Tax= 100 * 7.33 /70 
Rate Before Tax= 10.47 %
Please contact us for availability of the bonds and its rate as the same are subject to fluctuations.
Calculation of Accrued Interest
Interest Date   25-10-2018      
Current Date   15-11-2018      
No.of Days   21.00      
Accrued Interest   5.04      
YTM
Maturity Date   25-10-2028      
Current Date   15-11-2018      
No.of Days   3632      
Years   9.95      
Interest   87.60      
YTM   6.13%      


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