The issue was fully subscribed and the notes will mature in August 2026. The bonds are rated AAA by Care, ICRA and India Ratings and the issue will be settled later this week. HUDCO last tapped the market in February when it raised 20 billion rupees through bonds maturing in three years and three months at a coupon of 7.68%. ($1 = 82.0050 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, April 18 (Reuters) - India's Housing and Urban
Development Corp (HUDCO) has set a coupon of 7.48% on
its bonds maturing in three years and four months, four merchant
bankers said on Tuesday.
The state-run company has accepted bids worth 15 billion
rupees ($182.9 million) on this issue for which it had invited
bids earlier in the day.
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