HUDCO raises ₹2,500 crore with 7.92% 10‑year bond
HUDCO issued ₹2,500 crore of 10‑year bonds at a 7.92% coupon, with demand strong enough that the issue was likely presold before the auction. On the same day, Power Finance Corporation placed 18‑month and 5‑year bonds, securing yields of 8.21% and 8.05% respectively. The benchmark 10‑year government bond yield rose 4 basis points to 7.29%. Overall, the three issuers raised more than ₹8,400 crore.
Key facts
- Large investors including LIC and EPFO placed bids for HUDCO's bond.
- The HUDCO issue was likely presold before the auction due to strong demand.
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Why it matters
Indicates robust investor appetite for long‑term infrastructure debt in India.
What changed
First published from The Economic Times