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Housing and Urban Development Corporation planning to raise funds

Housing and Urban Development Corporation (HUDCO) is planning for issue/allotment of Government of India (GoI) Fully Serviced, Unsecured, Redeemable, Non-Convertible, Non-Cumulative Taxable Bonds in the nature of debentures of face value of Rs 10,00,000 each (Series-II 2018) aggregating up to Rs 2050 crore on private placement basis. The meeting of the Committee of Board is proposed to be held on November 28, 2018, to consider 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.

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