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HUDCO raises Rs 2563.10 crore through Bonds
Feb-16-2019

Housing and Urban Development Corporation (HUDCO) has raised funds of Rs 2563.10 crore through Issue of Government of India Fully Serviced, Unsecured, Taxable HUDCO Bonds Series - IV 2018 and the proceeds has been fully utilized for lending to Building Materials and Technology Promotion Council (BMTPC), an autonomous body of Ministry of Housing and Urban Affairs  MoHUA.

The company has raised funds for Pradhan Mantri Awas Yojana under MoHUA in FY 2018-19. The coupon rate is 8.58% for tenure of 10 years.

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.

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