Housing and Urban Development Corporation Ltd. (HUDCO) on Wednesday raised Rs 1,905 crore through a seven-year bond issue. The increase amounted to a coupon rate of 6.98%, according to a company statement. “This performance stands out as the broader market faced unexpected yield pressures,” HUDCO said on Thursday, adding that this was despite expectations of […]
The markets have largely traded within a range over the past week, with the Nifty ending the week on a flat to slightly negative note. Despite a 25 basis point rate cut by the RBI in its monetary policy, the index remained subdued on a weekly basis and did not show any major directional distortions.The […]