HUDCO raises $200 mn from overseas lenders for its foray into loan market

Q: How long will it take to read this news story?

The story "HUDCO raises $200 mn from overseas lenders for its foray into loan market" has 315 words across 10 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "HUDCO raises $200 mn from overseas lenders for its foray into loan market" was covered 2 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 243 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21298544</li><li>URL: https://beamstart.com/news/hudco-raises-200-mn-from-17186973606568</li></ul>

Business Standard Logo Business Standard 2w ago

HUDCO raises $200 mn from overseas lenders for its foray into loan market - Business Standard

Quick Summary:

The inaugural social loan will enable further expansion of HUDCO's social housing platform to improve the quality of life for the Indian community and enhance infrastructure facilities in urban areas, the statement said.

Housing and Urban Development Corporation (HUDCO) has raised USD 200 million (JPY 30 billion) in its maiden foray into the syndicated loan market, its arranger said on Tuesday.

The state-run body has raised the five-year money as part of its inaugural "social loan", Japan's Sumitomo Mitsui Banking Corporation (SMBC) said.