Hudco plans to raise $1.3B via ECB for urban infrastructure
after close1 source ↓written by the desknot a recommendation
- through external commercial
- $1.3 billion
- already raised
- $700 million
- available
- 31 Dec 2026
Housing and Urban Development Corporation Ltd (Hudco) announced plans to raise $1.3 billion through external commercial borrowings (ECB) over the next five months to support urban infrastructure projects. This follows $700 million already raised this financial year. The funds will utilize the RBI's concessional swap window, available until 31 Dec 2026.
This move is significant for the urban infrastructure sector, potentially enhancing project financing and development across the country.
Not investment advice. For informational purposes only.