HUDCO raises Rs 1,905 cr via 7-year bonds at 6.98%

• HUDCO raised Rs 1,905 crore through a 7-year bond issuance.
• The bonds were issued at a competitive coupon rate of 6.98 per cent on a SEBI-mandated electronic bidding platform.
• HUDCO finances housing and urban infrastructure projects, aiming to optimize costs and support the Government's Viksit Bharat 2047 initiative.

Why It Matters: This funding boosts housing and urban infrastructure, aiding national development.