HUDCO raises Rs 1,300 crore

HUDCO raises Rs 1,300 crore
28/09/2016 , by , in News/Views

HUDCO has raised Rs 1,300 crore through private placement of non- convertible bonds to finance the affordable housing and urban infrastructure projects.

Housing & Urban Development Corporation Ltd said in a statement that it “has raised a sum of Rs 1300 crore through private placement issue(s) of unsecured, redeemable, non-convertible bonds at lowest possible interest rates”.

HUDCO has raised Rs 1,800 crore so far this fiscal through private placement of bonds and mopped another Rs 250 crore through other sources including public deposits.

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