New Delhi, Dec. 11 -- Housing and Urban Development Corporation Ltd. (HUDCO), a Navratna Central Public Sector Enterprise, has successfully raised Rs 1,905 crore by issuing a seven-year bond at a competitive coupon of 6.98 per cent on the SEBI-mandated electronic bidding platform, the company said on Thursday.
The achievement stands out as the broader market faced unexpected yield pressures.
Despite expectations of softer rates following the RBI's recent monetary policy actions, including a 25 basis point Repo Rate cut and announcement of Rs 1 lakh crore Open Market Operation purchases, corporate bond yields have moved upward amid global uncertainties.
Reflecting this sentiment, two PSU issuers cancelled their planned bond issuances on D...