HUDCO LINES UP Rs500 Cr FOR TN WATER SUPPLY BOARD
Article Abstract:
Housing and Urban Development Corporation (Hudco) has sanctioned a line of credit of Rs500 crore to the Tamil Nadu Water Supply and Drainage Board. The loan will be utilised for funding water supply projects in the state over the next five years. The credit line will be released at an average of Rs100 crore per annum and it carries an interest rate of 15.50 percent. The loan can be settled over a period of 15 years on an installment basis. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HUDCO TO ISSUE Rs200-CR INFRASTRUCTURE BOND IN JAN
Article Abstract:
The Housing and Urban Development Corporation (Hudco) plans to issue infrastructure bonds for Rs200 crore in January 1999. The bonds, redeemable after 7-10 years, will have a coupon rate of 12.5-13 percent. The Housing and Urban Development Corporation issued bonds for Rs250 crore in 1997. It has the approval of the Government of India to mobilise Rs500 crore in 1998-99. (rk)
Comment:
The Housing and Urban Development Corporation (Hudco) plans to issue infrastructure bonds for Rs200 crore in January 1999.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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