New Delhi, Dec. 11 -- Housing and Urban Development Corporation Ltd. (HUDCO), a Navratna CPSE and NBFC-IFC, successfully raised Rs 1,905 crore through a 7-year bond issuance 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 bps Repo Rate cut and announcement of Rs 1 lakh crore OMO purchases, corporate bond yields moved upward amid global uncertainties.
Reflecting this sentiment, two PSU issuers cancelled their planned bond issuances on 9th December after receiving levels that did not ...