HUDCO to issue zero coupon bonds worth INR 5,000 crore
Housing and Urban Development Corporation (HUDCO) announced that it has received permission from the Central Board of Direct Taxes to issue zero coupon bonds with a tenure of ten years and one month. The issuance will amount to INR 5,000 Crore, payable on maturity, with the bonds being issued before March 31, 2027. This move aligns with Regulation 30 of the SEBI (LODR) Regulations, 2015. According to the documentation provided in the report, the proceeds from these bonds will fund infrastructure projects which can service debt from project revenues, independently of State Government support.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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