HUDCO gets nod to issue Five Lakh Ten-Year Zero Coupon Bond
The total number of the bonds that will be issued is five lakhs ,and the amount to be paid on maturity is Rs 5,000 crores.
State-run Housing Infra stock, HUDCO has announced that Central Government has granted in-principle approval to state entity for issuing the Ten Year Zero Coupon Bond. These Bonds would be issued on or before the 31st Day of the Bond March 2027.
The total number of the bonds that will be issued is five lakhs ,and the amount to be paid on maturity is Rs 5,000 crores.
As per the regulatory filing made, we wish to inform that Central Board of Direct Taxes, Department of Revenue, Ministry of Finance has, vide Notification No. S.O. 1744(E) dated 17th April, 2025 (copy attached), permitted Housing and Urban Development Corporation Limited (HUDCO) to issue Five Lakh Zero Coupon Bonds with tenure of ten years one month for amount of Rs. 5,000 Crore to be paid on maturity.
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Further the official notification stated that the Housing and Urban Development Corporation Ltd shall utilize the proceeds from such bonds only for those infrastructure projects which can service the debt out of the project revenues without being dependent on the State Governments for the service of debts.
Shares of HUDCO Ltd are trading higher by 1.24% at Rs 231.68.
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