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Hudco eyes newer sources for external borrowings
Mint Chennai
|March 19, 2025
After raising Yen-denominated loans worth around ₹5,360 crore in the current fiscal, state-run Housing & Urban Development Corporation Ltd (Hudco) is looking at newer geographies for external commercial borrowing (ECB) including dollar-denominated loans.
Hudco consistently eyes cost optimization, so raising funds at low rates via ECBs remains a low-cost funding option, CMD Sanjay Kulshrestha told reporters. The company has so far raised Japanese Yen-denominated loans worth ₹5,360 crore for a tenor of five years at 5.54%, showed a presentation from the company.
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