tax-free bonds
It might come as a relief for homebuyers hit by a volatile floating rate loans. The National Housing Bank (NHB) has planned to use a large portion of tax-free bond proceeds to shore up long term fixed-rate mortgage loans manily for low and moderate income housing in urban areas and suburbs. NHB has been working [...] Continue Reading »
Recently RBI extended the deadline for the National Housing Bank (NHB) to raise funds through the external commercial borrowing (ECB) route, by six months. The central bank had allowed NHB and housing finance companies to collect funds up to$1 billion through this route to finance affordable housing loans up to Rs 25 lakh. Mr. RV [...] Continue Reading »
The National Housing Bank (NHB) has decided for the premature closure of its second tranche of public issue of tax-free bonds, this issue opened on March 7 and was planned to close on March 18. NHB got bids for Rs 1,252 crore in all four categories on the first day. The second installment of the [...] Continue Reading »
New Delhi- Housing and Urban Development Corporation Ltd (HUDCO) has planned to raise around Rs 5,000 crore. In this regard, the corporation will launch a public issue of tax-free bonds next month. The fund raised will be used for funding low-cost housing and urban infrastructure projects. Investments up to Rs 10 lakh falls under retail [...] Continue Reading »
