Date 22-03-2019
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)   35.52 106.89    
Total Price Payable by Buyer (Rs)   1224.98  1381.78    
Qty   476.00 90.00     
Current Yield %   7.36  7.07    
Rate before Income Tax @ 31.20%   10.70 10.28    
Rate before Income Tax @ 20.80 %   9.29  8.93    
Yield To Maturity (YTM)%   6.10% 6.13%     
Rate before Income Tax @ 31.20%   8.88 8.92    
Rate before Income Tax @ 20.80 %   7.71 7.75    
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   22/03/2019 22/03/2019    
No.of Days   148.00 433.00     
Accrued Interest   35.52 106.89    
YTM
Maturity Date   25-10-2028 13-01-2034     
Current Date   22/03/2019 22/03/2019    
No.of Days   3505  5411    
Years   9.60  14.82    
Interest   87.60  90.1    
YTM   6.10%  6.13%    


If you have any query, Please do Contact Us.