Date 18-01-2019
Bond Issuer

TAX FREE BOND

HUDCO-8.76%-25.10.28

-Bond

HUDCO-9.01%-13.01.2034-

 

TAX FREE BOND

TAX FREE BOND
Rate of Interest on the bond   8.76% 9.01%     
Face Value of Bond   1000  1000    
Maturity Date   25/10/2028  13/01/2034    
Interest Payment Date   25.10  13.01    
Credit Rating of the Issue   CARE AA+ CARE AA+     
Clean Price of Bond (Rs)   1189.46  1274.89    
Accrued Interst till date in (Rs)   20.40 91.33    
Total Price Payable by Buyer (Rs)   1209.86  1366.22    
Current Yield %   7.36  7.07    
Qty   476.00 90.00     
Rate before Income Tax @ 30 %   10.51 10.10     
Rate before Income Tax @ 20 %   9.20  8.84    
Yield To Maturity (YTM)%   6.13% 6.15%     
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 13-01-2018    
Current Date   18/01/2019 18/01/2019    
No.of Days   85.00 370.00     
Accrued Interest   20.40 91.33    
YTM
Maturity Date   25-10-2028 13-01-2034     
Current Date   18/01/2019 18/01/2019    
No.of Days   3568  5474    
Years   9.78  15.00    
Interest   87.60  90.1    
YTM   6.13%  6.15%    


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