The Economic Times daily newspaper is available online now.

    HUDCO plans to raise up to Rs 2,190 cr through issue of debentures

    Synopsis

    State-owned Housing and Urban Development Corporation Limited (HUDCO) plans to raise up to Rs 2,190 crore through issue of debentures.

    HUDCO plans to raise up to Rs 2,190 cr through issue of debenturesETMarkets.com
    State-owned Housing and Urban Development Corporation Limited (HUDCO) plans to raise up to Rs 2,190 crore through issue of debentures. In a regulatory filing on Tuesday, the company said that the the 'Bond Allotment Committee' has approved the raising of debentures as unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (non-convertible debentures) of face value of Rs 1,00,000 each aggregating up to Rs 2,190 crore on private placement basis."

    Bonds are redeemable at par at the end of 5th year with interest payment on yearly basis at a coupon rate of 6.9 per cent.

    HUDCO is engaged in financing of housing and infrastructure projects.


    (You can now subscribe to our ETMarkets WhatsApp channel)

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more

    (You can now subscribe to our ETMarkets WhatsApp channel)

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in