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India’s Housing and Urban Development eyes Rs. 5 billion debentures
By Sarah Lizee
Olympia, Wash., Nov. 2 – Housing and Urban Development Corp. Ltd. informed the Bombay Stock Exchange that the subcommittee of its board will meet on Nov. 12 to consider an issue of up to Rs. 5 billion of Government of India fully serviced unsecured redeemable nonconvertible noncumulative taxable debentures with a greenshoe of up to Rs. 25 billion.
The bonds maturing Nov. 12, 2028 are proposed to be listed on BSE Ltd. and will be issued in a private placement.
Housing and Urban Development is based in New Delhi.
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