Bond Urban Housing Corp 4.78% ( INE031A08822 ) in INR

Issuer Urban Housing Corp
Market price 100 %  ⇌ 
Country  India
ISIN code  INE031A08822 ( in INR )
Interest rate 4.78% per year ( payment 1 time a year)
Maturity 28/12/2024 - Bond has expired



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Minimal amount 1 000 000 INR
Total amount 9 400 000 000 INR
Detailed description The Housing and Urban Development Corporation (HUDCO) is an Indian government-owned financial institution that provides financial assistance for housing and urban infrastructure development projects.

**Housing & Urban Development Corporation (HUDCO) Bond (INE031A08822) Successfully Matures and Redeems** The Indian debt market recently witnessed the successful maturity and full repayment of a specific bond issuance by the Housing & Urban Development Corporation (HUDCO), identified by its ISIN code INE031A08822. This bond, classified as an obligation, represents a key financial instrument from a prominent Indian public sector entity. Housing & Urban Development Corporation Limited (HUDCO) is a central Public Sector Undertaking (PSU) operating under the Ministry of Housing and Urban Affairs, Government of India. Established in 1970, HUDCO's primary mandate is to serve as a techno-financial institution providing long-term finance for housing and urban development projects across the nation. Its role is crucial in facilitating the government's initiatives aimed at promoting sustainable urban infrastructure and ensuring housing for all sections of society, including economically weaker sections, thus underpinning significant national development objectives. The bond in question was denominated in Indian Rupees (INR) and featured an annual interest rate of 4.78%. The total size of this particular issue amounted to INR 9,400,000,000, with a minimum purchase size set at INR 1,000,000, making it accessible to institutional and high-net-worth investors. With a scheduled maturity date of December 28, 2024, the bond has now reached its full term. Confirming its successful redemption, the issuer has fully repaid the principal amount at 100% of its face value, alongside the final interest payment. This successful conclusion underscores the reliability and financial discipline associated with instruments issued by Housing & Urban Development Corporation, providing a clear demonstration of a well-managed investment cycle within the Indian fixed income landscape.