HUDCO raises Rs 1,000 crore via Bonds
21st Jun 2019

Housing & Urban Development Corporation (HUDCO) has raised amount worth Rs 1,000 crore through allotment of Unsecured, Redeemable, Non-Convertible, Non-Cumulative Taxable Bonds in the nature of debentures of face value of Rs 10 lakh each (Series-B 2019) on private placement basis. The date of allotment is June 20, 2019 and the date of maturity is July 15, 2022.

HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.