HUDCO gets government nod to issue deep-discount, long-tenor debt

HUDCO has secured government approval to raise up to 50 billion rupees through deep-discount zero-coupon bonds, a rarely used corporate bond structure. With a maturity of 10 years and one month, HUDCO has until March 2027 to raise funds. This makes HUDCO the second government entity after PFC to receive such approval in recent months.