Hudco issues tax free bonds, offers 7.34-8.01% coupon

Hudco issues tax free bonds, offers 7.34-8.01% coupon State owned Housing and Urban Development Corporation (Hudco) is issuing tax free bonds with a face value of Rs 1,000 each to raise Rs 5,000 crore. Those secured redeemable non-convertible debentures are offering interest rates in the range of 7.34% – 8.01% per annum for the tenures of 10 and 15 years.

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