New Delhi, March 18 -- After raising Yen-denominated loans worth around Rs.5,360 crore in the current fiscal, state-run Housing & Urban Development Corporation Ltd (HUDCO) is looking at newer geographies for external commercial borrowing (ECB) including dollar-denominated loans.

HUDCO consistently eyes cost optimization, so raising funds at low rates via ECBs remains a low-cost funding option, CMD Sanjay Kulshrestha told reporters.

The company has so far raised Japanese Yen-denominated loans worth Rs.5,360 crore for a tenor of five years at 5.54%, showed a presentation from the company.

The CMD of HUDCO, Sanjay Kulshrestha said that the company has negotiated fresh a ECB loan worth 80 billion Japanese Yen. The company is exploring vari...