Housing and Urban Development board to mull Rs. 15 billion debentures

By Sarah Lizee

Olympia, Wash., March 14 – India’s Housing and Urban Development Corp. Ltd. informed the Bombay Stock Exchange that the subcommittee of its board will meet on Monday to consider an issue of up to Rs. 15 billion of unsecured redeemable nonconvertible taxable bonds.

The debentures maturing on March 19, 2020 would be issued on a private placement basis.

The bonds are proposed to be listed on the BSE Ltd.

Housing and Urban Development is based in New Delhi, India.

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