{
  "id": 19910970,
  "title": "HUDCO, PFC, others raise over Rs 10,000 crore via bond sales",
  "url": "https://urgent.news/2026/11/14/hudco-pfc-others-raise-over-rs-10-000-crore-via-bond-sales",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T02:51:12.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/bonds/hudco-pfc-others-raise-over-rs-10000-crore-via-bond-sales/articleshow/135820938.cms"
  },
  "original_language": "en",
  "account": "Mumbai witnessed three significant corporate bond issuances on Friday, raising a combined ₹8,441 crore, as issuers increased borrowing due to lower yields. State-owned HUDCO issued ₹2,500 crore through 10-year bonds, while PFC raised ₹2,968 crore for 18-month bonds and ₹2,973 crore for five-year papers. Additionally, Tata Capital Housing Finance, Nirmal Bang Securities, and other firms issued smaller papers.\n\nThe HUDCO 10-year paper was likely presold, with only three major bids received, including LIC and EPFO. The longer tenured paper had a rate below 8%, as it is likely due to the shorter tenure of the bonds. This resulted in a rate of 7.92% for HUDCO's 10-year paper, while PFC's 18-month and 5-year papers had rates of 8.21% and 8.05%, respectively.\n\nHUDCO secured a rate of 7.92% for their 10-year paper, while PFC's 18-month and 5-year papers had rates of 8.21% and 8.05%, respectively. The 10-year benchmark government bond yield increased by 4 basis points, closing at 7.29% on Friday, according to CCIL data. Although the yield has risen slightly from last week's 7.15%, it remains below the 7.50% high seen in October. This softer benchmark yield, coupled with expectations of a rate hike in December, has led to a surge in corporate bond issuances over the past few weeks.",
  "summary": "The corporate bond market in Mumbai was abuzz with activity on Friday, pulling in an impressive ₹8,441 crore. Leading the charge was HUDCO, which rolled out ₹2,500 crore of 10-year bonds, garnering substantial bids. Meanwhile, the Power Finance Corporation secured funds via 18-month and 5-year bonds, reflecting robust investor confidence.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}