Good response to HUDCO bond issue

By Our Special Correspondent

NEW DELHI, JAN. 10. HUDCO's latest taxable priority sector bond issue has received a total subscription of Rs. 661.4 crores, or an over-subscription of Rs.461.4 crores.

Disclosing this, the chairman and managing director of HUDCO, Mr. V.Suresh, said with this, during the current year the public sector undertaking has already mobilised a total of Rs. 4,229.8 crores from both domestic and international sources.

The Rs. 200 crores issue with a greenshoe option had opened on December 11 and closed on January 4. The bonds were offered at half-yearly interest rate of 12 per cent for a period of 10 years, 11.7 per cent for seven years and 11.5 per cent for five years, with a put-and-call option at the end of seventh, fifth and third year.

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