HUDCO raises Rs 1,250 crore via Bonds
19th Jul 2019

Housing & Urban Development Corporation (HUDCO) has raised Rs 1,250 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 on private placement basis. The value date of the instrument is July 18, 2019 and it will mature on September 16, 2022. The Board of Directors of the Company at its meeting held on July 18, 2019 has approved the same.

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.