Specification of taxable HUDCO infrastructure bonds under section 80L confirms unsecured, redeemable status and interest terms. The Central Government, invoking clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies Series I taxable, unsecured and redeemable Housing and Urban Development Corporation infrastructure bonds (distinctive numbers 000001-2500113), each of specified face value aggregating to the stated issue amount, and carrying interest at fifteen per cent per annum payable half yearly, for the purpose of that clause.