Housing and Urban Development Corporation (HUDCO) is planning to avail external commercial borrowings through the establishment of a medium term note programme for issuance of secured or unsecured bonds or any other similar instruments, whether denominated in Indian rupee and/or foreign currency. The meeting of the Board of Directors of the company will be held on March 06, 2019, 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.
