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Housing & Urban Development Corp. Ltd. ( (IN:HUDCO) ) has issued an update.
Housing & Urban Development Corporation Limited has announced the approval of raising Rs. 1905 crore through Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative Debentures (NCDs) on a private placement basis. This strategic move, approved by the Bond Allotment Committee, is aimed at bolstering the company’s financial resources and supporting its ongoing projects. The debentures will have a coupon rate of 6.98% and are set to mature in seven years, with annual interest payments. This issuance is expected to enhance HUDCO’s financial flexibility and strengthen its position in the housing finance sector.
More about Housing & Urban Development Corp. Ltd.
Housing & Urban Development Corporation Limited (HUDCO) is a government-owned company in India, primarily engaged in providing long-term finance for the construction of houses and urban development projects. As a Central Public Sector Enterprise (CPSE), HUDCO plays a significant role in financing housing and urban infrastructure development across the country.
Average Trading Volume: 372,628
Technical Sentiment Signal: Hold
Current Market Cap: 427.4B INR
Learn more about HUDCO stock on TipRanks’ Stock Analysis page.