State-owned HUDCO on Tuesday said it has raised Rs 1,300 crore through private placement of non- convertible bonds to finance the affordable housing and urban infrastructure projects.
Housing & Urban Development Corporation ltd 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’. While the issue of Rs 700 crore was raised at 7.36 per cent on September 16, the second tranche of Rs 600 crore was mopped up at 7.35 per cent on September 22.