Housing and Urban Development Corporation (HUDCO) is planning to issue/allot Unsecured, Non-Convertible Bonds in the nature of debentures of up to Rs 1500 crore on private placement basis. The meeting of Sub-Committee of Board is scheduled to be held on March 19, 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.
