Business EconomyPosted at: Dec 11 2025 7:29PM


HUDCO raises Rs 1,905 cr by issuing 7-year bond

New Delhi, Dec 11 (UNI) Housing and Urban Development Corporation Ltd. (HUDCO), a Navratna Central Public Sector Enterprise, has successfully raised Rs 1,905 crore by issuing a seven-year bond at a competitive coupon of 6.98 per cent on the SEBI-mandated electronic bidding platform, the company said on Thursday.
The achievement stands out as the broader market faced unexpected yield pressures.
Despite expectations of softer rates following the RBI’s recent monetary policy actions, including a 25 basis point Repo Rate cut and announcement of Rs 1 lakh crore Open Market Operation purchases, corporate bond yields have moved upward amid global uncertainties.
Reflecting this sentiment, two PSU issuers cancelled their planned bond issuances on December 9 after receiving levels that did not meet expectations.
Furthermore, on December 10, secondary market trades for seven-year PSU papers were recorded at elevated levels of 7.08–7.10 per cent, underscoring the prevailing strain in the market.
“Against this backdrop, HUDCO’s ability to secure funding nearly 10 bps below secondary market levels underscores the company’s strong credit profile, investor confidence, and disciplined liability management,” HUDCO, also a Non-Banking Financial Company - Infrastructure Finance Company (NBFC-IFC) said in a statement. UNI VK SAS SSP
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Tags: #HUDCO raises Rs 1#905 cr by issuing 7-year bond
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