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The Housing & Urban Development Corporation Ltd (HUDCO) has raised Rs 1,300 crore through private placement of non-convertible bonds for financing the affordable housing and urban infrastructure projects.
HUDCO has 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.”
The issue of Rs 700 crore was raised at 7.36 percent on September 16 whereas the second tranche of Rs 600 crore was mopped up at 7.35 percent on September 22.
These bonds are going to fall due for maturity on November 30, 2019 and January 22, 2020, respectively.
